Chile Wants to Bring Lithium From Salt to the Factory, but It Stumbles upon the Doubts of Two Key Investors

Chile, the world's second largest lithium producer, is facing barriers to transform its extractive role into a more industrial one. International companies Yonqing Technology – a subsidiary of Tsingshan Holding Group – and ByD (Build Your Dreams), headquartered in China, have not put in place projects to add value to the production chain in the north of the South American country, where the main saltlands lie.

José Miguel Benavente stressed that the firm abandoned the land where it would carry out the project, but not its quality as a specialized producer of lithium.

Corfo Vice President José Miguel Benavente explained that the Chinese company BYD has not abandoned its status as a specialized producer of lithium. Benavente argued to the Chamber’s Commission on Mining and Energy that BYD has only abandoned the site they chose to be located in Chile. “Until at some point, something [...] The entry Corfo explains that BYD has not stopped producing lithium was first published in INFOGATE.