Chile Revokes Lithium Decision

Reuters reported Chile revoked its decision to allow SQM to develop a new lithium concession to produce in the country.

As quoted in the market news:

Chile is the world’s top supplier of lithium, widely used in products ranging from hybrid vehicles to smartphone batteries, accounting for around 40 percent of global supplies.

Contracts for lithium production can be awarded under special circumstances despite a constitutional ban on concessions that has curbed output.

Click here to read the full Reuters report.