SANTIAGO, April 29 (Reuters) - Chile's state-run Codelco
plans to begin lithium exploration in the country's Pedernales
salt flat in the second half of the year, as part of the copper
miner's nascent efforts to mine the white metal, Chairman Maximo
Pacheco said on Monday.
Codelco, which is struggling to boost its copper output, is
expanding into lithium under a mandate from President Gabriel
Boric to boost the state's role in producing the metal that
powers EV batteries. Chile holds the world's largest lithium
reserves.
Speaking at Codelco's annual shareholders meeting,
Pacheco said the company planned to carry out exploration to
gauge the potential for lithium production at the salt flat.
Lithium in Chile is currently mined only in the Atacama
salt flat. Codelco plans to partner with miner SQM in
that region, as well as spearhead new projects in the Maricunga
and Pedernales salt flats, which Chile believes to have high
production potential.