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Chile lithium industry boost sales potential of 3,000 million dollars
Chilean government open new avenues to promote the exploitation of lithium. (Photo: bligoo.com)
Santiago de Chile, June 4 .- In order to diversify the exploitation of minerals from Chile, the Chilean government will open new avenues to promote the exploitation of lithium, plan to increase several times the revenue generated by this business in the country, according to a report released Friday by the newspaper El Mercurio.
He notes that the Government of Santiago estimates a potential for up to 3,000 million dollars annually in sales for an industry to pursue all business opportunities that allows this mineral.
According to the Mining Minister Laurence Golborne, the project aims to create a series of incentives to attract investors and operators Chile international stature, such as automotive companies in the industry and high technology manufacturers whose devices require battery based to that mineral. The point is to invite these businesses to invest in the development of an industry that adds value added to lithium.
Golborne admitted that the way this is not short, as previously required implementation of legal reforms.
That's why over the coming months, the secretary of state will meet with parliamentarians, experts and authorities in the business of this mineral, to seek consensus and submit to Congress a bill to amend the Organic Constitutional Law on Mining Concessions. The aim is to grant concessions for the exploitation of lithium and then set the stage for contacts with international investors with the goal to develop finished products industry.
Currently, only SQM, linked to businessman Julio Ponce, and the Chilean Society of Lithium (SCL Chemetall) have signed contracts for the development CORFO. Both companies had registered their belongings before the Mining Concessions Law 18,097 and the new mining code would prevent the granting of lithium.
These companies produce about 60,000 tons a year and together represent nearly 60 percent of the global supply of lithium carbonate.
The Minister noted that "this industry is very insignificant. Global consumption is 100,000 tons of lithium carbonate equivalent and Chile exports less than $ 300 million a year. If we could develop this industry and multiply by 10 in size, could be talking about a sector that means for the country of around 3,000 million in the coming decades. "
Mining Minister says that once you have an appropriate legal framework will create the necessary incentives to attract foreign investors, particularly, specifically to major European automotive companies, firms, Korean, Japanese and Chinese electronics technology and companies in the pharmaceutical and construction, among others.
"You can establish partnerships or joint ventures with mining companies (willing to remove the salt flats of the local mineral) also grant conditional concession areas for investment in research and development can be established cooperation agreements between countries. There are various mechanisms Once we can develop a regulatory framework that we have, "he says.
The idea of ??the Executive, highlighted Golborne, points to a single target. "The important thing is that the demand grows. We have to build the foundation for the development of battery technology used. If in addition we can add value and develop this industry in Chile, and researchers to develop products in Chile, even better," says the secretary of State.
Chile currently exports about 300 million dollars in lithium. The report emphasizes that the industry of finished products based on lithium used in the manufacture of glass, batteries, ceramics, television, drugs and aeronautical developments, among others, move each year around 1,500 million dollars, and signatures from all over the world are watching the region.
Canadian miner Latin American Minerals and Japanese company Mitsubishi, for example, will work together on a project for the production of lithium in the province of Jujuy, Argentina. While in Bolivia, leading French companies in the automotive sector and technology in Japan have submitted proposals to the government of Evo Morales to exploit deposits in the Salar de Uyuni.
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