Chile awards lithium rights

Chile awards lithium rights

M&A Energy Argentina Bolivia Chile

Chile has awarded lithium extraction rights worth $121 million to China's BYD and Chile's Servicios y Operaciones Mineras del Norte as it seeks to develop large resources of the mineral to meet rising demand for use in electric cars, laptops and renewable energy batteries. Shenzhen, Guangdong-based BYD won a contract to develop 80,000 metric tons of lithium with a $61 million bid, while Mineras del Norte won the same rights with an offer of investing $60 million, the mining ministry said in a pr

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