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Chilean authorities are expected to grant Enami a lithium operating license by year-end, paving the way for the state company to secure partners to develop the project.
“The commitment of the Mining Ministry is for that to happen by the end of December,” he said in an interview Wednesday. Prospective partners are betting lithium will recover from near three-year lows as a glut works its way through battery supply chains after electric-vehicle demand slowed just as new supply came on stream.The state company has shortlisted four would-be developers — Rio Tinto Group, China’s BYD Co., France’s Eramet SA and Posco Holdings Inc. of South Korea. Two other firms — China’s CNGR Advanced Material Co. and LG Energy Solution Ltd.
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