Companies Compete For Lithium Mine in Chile

Reuters reported six companies are in the running to pocket a lithium mining concession in Chile.

As quoted in the market news:

Posco Consortium, made up of Posco Ltd, Mitsui & Co , Daewoo International Corp and miner Li Energy Spa; and Chilean miners NX UNO de Peine and SQM are competing for a concession.

Development of lithium has been tempered by a constitutional ban on concessions. Special contracts for lithium production, however, are legally permitted.

Click here to read the full Reuters report.