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Friday, 04/21/2023 1:58:00 PM

Friday, April 21, 2023 1:58:00 PM

Post# of 286
going much higher for sure:
Today’s lithium news… via C&P Yahoo finance…

“ SANTIAGO (Reuters) - Shares in Chile's top two lithium miners, SQM and Albemarle Corp, slid on Friday after the Andean country, which has the world's largest reserves of the battery metal, unveiled plans to nationalize the sector over time.

The move would see Chile, the world's second largest lithium producer, shift to a model with the state holding a controlling interest in all new lithium projects through a public company that would partner with private mining firms.

The bid for state control in Chile reflects a wider wave of lithium nationalism around Latin America, home to the so-called "lithium triangle", which holds the world's largest trove of the metal essential for electric vehicle batteries.

It poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020.”