Lithium Investors Are Looking Beyond Price Plunge, Chile Minister Says [Financial Post (Toronto, Ontario, Canada)]
ERAMET SA UNSP/ADR (ERMAY)
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Source: Financial Post
Author of the article: (Bloomberg) — Lithium companies are looking beyond a recent price plunge, maintaining their interest in new projects to be offered in Chile, according the country's top mining official. “From the contacts we've had — visits, lobbies — we see that the interest remains,” Mining Minister Aurora Williams told reporters Wednesday. “Beyond prices, the challenges the world faces in terms of energy transition and climate change are still pending.” Article content Article content Prospective investors in the country with the largest lithium reserves appear to be taking a long term view, betting the market will tighten again in the shift away from fossil fuels. Prices of lithium — a key component in electric-vehicle batteries — have lost more than 40% since President Gabriel Boric announced in April a new public-private model to attract capital while keeping the best deposits under the control of state-owned Codelco. Last month, executives from London-based R
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