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While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years
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While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges.
This bill, which seeks to increase mining taxation and that is related of President Gabriel Boric's tax reform program, has the great challenge of increasing revenue, but without reducing the competitiveness of mining activity.
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5 Min Read SANTIAGO (Reuters) - Mining firms in Chile, the world’s No.1 copper producer, are cheering a rally in the price of the red metal that hit a 10-year high this week, but warned that costs could rise as labor unions and vendors also try to cash in on the trend. FILE PHOTO: A worker monitors a process at the Codelco Ventanas copper smelter in Ventanas, Chile, January 7, 2015. REUTERS/Rodrigo Garrido/File Photo/File Photo Benchmark copper on the London Metal Exchange climbed this week above $9,000 a tonne for the first time since 2011. Analysts said they were bullish that surging dema...