Chile, the second largest global supplier of lithium after Australia, has attracted the attention of mining companies. Both the big ones and the medium and small ones. The country is preparing for issuing new licenses for lithium mining in order to increase the amount of valuable raw material that it will supply to the world market.
The Chilean Ministry of Energy, with its intention to attract new mining companies, is responding to the declining share of this South American country in the global lithium market. Although Chile is still the second largest supplier of this strategic metal in the world.
“This year we will open a competition for new miners who want to come to our market. We want to give opportunities to those who are not afraid to look for new lithium deposits and then turn them into lithium mines if they are successful in their search, “said Chilean Energy and Mining Minister Juan Carlos Jobet, according to Bloomberg.
The impetus for attracting miners is also the rising price of lithium, which began to respond to the recovery in demand, especially from China, which was one of the first countries in the world to recover from the coronavirus crisis and resume production. In addition, global demand for lithium is expected to triple by 2025 as massive electromobility develops.
