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Chile’s state-run copper miner Codelco and the world’s second largest lithium producer SQM inked on Friday a“Just as we have helped make Chile the global leader in copper production, we will now contribute to making our country a leader in lithium production, another mineral essential for the energy transition,” said Codelco chairman Máximo Pacheco
The fresh contract replaces the one inked by the lithium company in 2018 with the Chilean economic development agency , which was set to expire in 2030. The partnership will begin in 2025 and run through 2060, with Codelco overseeing general management as of 2031.that while the government had six years to prepare either Codelco or the national mining company to take over the operations, it has chosen to keep it in the hands of SQM.
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