Chile’s government said that strong interest from private firms in lithium deals meant it could exceed its goal of three to four new projects in development by the end of 2026.
The interest comes despite a slowdown in electric-vehicle demand that has undermined lithium prices. Chile, home to the world’s biggest reserves of the battery metal, is banking on investors taking a long-term view on the strength of EV demand as the US and Europe attempt to loosen China’s grip on global supply chains.
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