SANTIAGO, March 26 (Reuters) - Chile's government on
Tuesday named the country's Atacama and Maricunga salt flats as
areas where the state will have majority control in
public-private partnerships for lithium extraction.
The government is interested in participating in other salt
flats without holding a majority stake, officials said in a
press conference.
The long-anticipated announcement comes as the
government moves forward with a plan to boost state control over
the South American country's lithium industry, the world's
second-largest after Australia. The metal is a key battery
material used to power electric vehicles.
Under this plan, officials said, Chile's lithium output
should rise 70% by the end of the decade.
A tender process is set to kick off in April, they said,
with 26 salt flats open to investment by private firms.
Environmental protection will also be granted to some
30% of the salt flats, to be determined via scientific studies,
the government said.
President Gabriel Boric announced a policy shift last
year to increase state control of the lithium industry but had
yet to detail how the partnerships would work, frustrating
investors interested in pursuing new lithium projects.
Only two companies currently extract lithium in Chile -
Chile's SQM and U.S.-based Albemarle - both in
the Atacama salt flat.