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Chile will open calls in a month for lithium component producers to compete for preferential pricing on lithium produced by Albemarle, the head of Chile’s CORFO economic development agency said on Tuesday.
“We have a lot of interest from many companies,” Benavente said, adding the expansion of the production chain could lead to manufacturing batteries within Chile. “That is precisely the spirit behind this proposal.” In 2018, comparable agreements were in place, as Chile initially allocated preferential pricing contracts for Albemarle’s production to three firms, which later backed out due to supply and pricing agreement issues.
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