The Chilean state-owned company, Codelco, is set to commence lithium exploration in the Pedernales salt flat in the second half of this year, according to its president, Máximo Pacheco. This initiative is part of the national policy on lithium aimed at securing the State’s involvement in the crucial mineral industry for electric batteries.
President Gabriel Boric’s government has tasked Codelco with increasing control in strategic salt flats like Atacama and Maricunga through public-private partnerships. However, while Codelco will be allowed to form alliances in other salt flats such as Pedernales, there will be more flexibility in the participation and control structures. This approach aligns with the government’s vision of ensuring State participation in the lithium industry while also fostering collaboration with private entities.
Codelco aims to strategically leverage resources and expertise to advance its lithium exploration efforts and contribute to the growth of the electric vehicle industry. By participating in these initiatives, Codelco hopes to position itself as a key player in the global lithium market and contribute to Chile’s economic development.