Codelco and SQM Form Partnership to Exploit Lithium Resources

Codelco and SQM Form Partnership to Exploit Lithium Resources

First seen 27 Dec 2025, 23:03 UTC •HindustantimesScmpBatimes.Ar •24.3

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Chile's state-owned Codelco and private miner SQM have announced the formation of Nova Andino Litio SpA, a partnership aimed at exploiting lithium, essential for electric vehicle batteries. This collaboration comes after China approved the partnership, highlighting Chile's significant lithium reserves, which account for 40% of the world's total.

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