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Corfo selects BYD Chile to promote lithium value-added initiatives
by PortalMinero | Apr 20, 2023

Thursday, April 20, 2023.- After an evaluation process that lasted from November 2022, the Corporation for the Promotion of Production, Corfo, assigned the quality of specialized lithium producer to the proponent BYD Chile SpA.

In this way, BYD Chile SpA will access the preferential price established for one of the lithium carbonate quotas available in the corresponding call bases up to 11,244 tons / year of battery grade Lithium Carbonate (Li2CO3), and a supply contract by SQM Salar S.A. until 2030, for its project "BYD Chile Lithium Cathode Plant" that will be installed in the Antofagasta Region.

The project is designed to produce 50,000 tons per year of cathode material of the LFP type (LiFePO4) in Chile, using lithium carbonate as an input, with investments estimated at a minimum of US$ 290 million. The initiative is expected to become operational by the end of 2025. In its investment phase, it plans to generate 500 jobs and in the operation it commits a training plan and technological training for permanent local workers, as well as cooperation in the field of technology transfer with the R+D ecosystem in our country

https://www.portalminero.com/wp/corfo-selecciona-a-byd-chile-para-impulsar-iniciativas-de-valor-agregado-del-litio/