Lithium Investing

Chile Election Results Beneficial for Mining Sector, LPI CEO Says

Lithium Investing

“I'm pretty sure that we will start seeing the results of that very soon in our economy here and in the mining industry, which has always been the engine of our economy,” Lithium Power International Managing Director and CEO Cristobal Garcia-Huidobro said.

Lithium Power International (ASX:LPI) Managing Director and CEO Cristobal Garcia-Huidobro has expressed optimism that the impending charter rewrite in Chile will be favourable to the mining industry after far-right parties dominated the 2023 Constitutional Council Election.

“Now the right-wing parties won and will have full control of the Constitutional Council … which means a very constructive and moderate document (charter) that will benefit the development of the economy, that will protect private property (and) that will also make all these changes that are necessary (to answer the) people's demands,” the CEO said. "I really think that it will be a very representative text for what people really want today in the country."

Garcia-Huidobro added that Chile’s economy stands to benefit from a new constitution created by this council, which he expects will promote more certainty and security among investors.

“The right-wing parties are very supportive of the interaction between the private sector and the state — for the state to have a more regulatory role in the economy, and to really attract new investments, to create more jobs.”

Lithium Power International's 100 percent owned Maricunga lithium brine project in Chile has the potential to become one of the world’s lowest-cost producers of lithium carbonate with an operating cost of US$3,718 per tonne.

Watch the full interview with Lithium Power International Managing Director and CEO Cristobal Garcia-Huidobro above.

Disclaimer: This interview is sponsored by Lithium Power International (ASX:LPI). This interview provides information which was sourced by the Investing News Network (INN) and approved by Lithium Power International in order to help investors learn more about the company. Lithium Power International is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Lithium Power International and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

LPI:AU

lithium investing asx:lpi lithium power international asx stocks Lithium Investing