Chile to open calls for preferential pricing on lithium in second half of 2024-March 2024-www.financetom.com

Chile to open calls for preferential pricing on lithium in second half of 2024

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Chile to open calls for preferential pricing on lithium in second half of 2024

May 16, 2024 9:27 AM

SANTIAGO, May 16 (Reuters) - Chile will open calls in

the second half of 2024 for lithium component producers to

obtain preferential pricing on the metal, President Gabriel

Boric announced on Thursday.

The Andean nation is the world's second-largest lithium

producer and the strategy announced by Boric last year is in

part aimed at spurring local investment in technologies using

lithium, including batteries and battery components.

Chile's economic development agency CORFO last year awarded

preferential pricing contracts for lithium produced by SQM

to Chinese electric-vehicle maker BYD and

China's Tsingshan Holding Group.

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