Chilean firms partner to form giant company to exploit lithium

Chile’s state-owned Codelco, the world’s leading copper producer, and private miner SQM, which features Chinese capital, announced on Saturday the creation of a giant company to exploit lithium, a lightweight metal used in batteries for electric vehicles. The South American country is the world’s second-largest producer of lithium, a key component of EVs (electric vehicles) and other clean technologies, and has about 40 per cent of the world’s lithium reserves. The partnership between the firms...