Legal restrictions slow Chile’s leadership

August 2017: As we progress towards 2020, the world is immersed in the technological boom associated with using lithium batteries to store energy, and although Chile is the most cost-effective country to produce it, majors and juniors have preferred to explore and invest in Argentina.
Recently, SQM acquired an interest in the Cauchari Olaroz project in Jujuy Province, through a 50/50 joint venture with a subsidiary of Lithium Americas Corp (TSXV: LAC), Minera Exar. This is an ambitious project that requires an investment of US$245M to produce 25,000t Li during the first stage, and a further US$250M to produce another 25,000t during the second stage. (Read more)