FILE PHOTO: FILE PHOTO: An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. REUTERS/Ivan Alvarado/File Photo/File Photo
An auction - slated for early 2020 - offers a guaranteed supply of discounted Chilean lithium in exchange for a commitment to build battery parts plants in Chile as the government looks to move up the value chain. The road shows attracted interest in China from dozens of firms, including China Development Bank, energy firm TBEA, chemicals giant Sinochem and aluminum producer Chinalco, the document dated Aug. 29 showed.
A Chinalco spokesman said he was unaware of the matter, while China Development Bank, TBEA and Umicore did not respond to requests for comment.Chinese interest in Chilean lithium in particular has grown as the Asian giant ramps up production of electric vehicles. Last year, China’s Tianqi clinched a $4 billion deal to purchase a quarter stake in top Chilean lithium miner SQM.
Despite the renewed interest, the administration of center-right President Sebastian Pinera has tempered expectations for this second round.
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