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assets to focus on the development of its flagship Maricunga project. The asset, located within the so-called lithium triangle in northern Chile, is estimated to contain about 1.9 million tonnes of lithium carbonate equivalent .Acquiring the Australian miner, with its key Chilean asset, would strengthen the copper giant’s new role in the country’s lithium industry.
Some analysts have questioned whether Codelco, which has no experience as a lithium miner, can tackle the challenge of boosting its own production while kick-starting Chile’s lithium industry.
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