Giant lithium partnership created in Chile

The Salar de Atacama, in the desert by the same name, is a salt flat holding Chile's main lithium deposits. Photo: Martin BERNETTI / AFPChile's state-owned copper giant Codelco signed a deal Friday with SQM to nearly double the private mining firm’s current extraction of lithium, a key mineral for the global switch to cleaner energy.

The agreement provides for the creation of a public-private partnership"that will take responsibility for production of refined lithium in the Salar de Atacama from 2025 to 2060," the companies said in a statement. Codelco will own 50 percent of the shares, plus one, in the new partnership, according to the press statement.

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