Lates News

Chile's National Copper Corporation (Codelco) and the world's second largest lithium producer, Chilean Mining and Chemical Company (SQM), are about to finalize a milestone cooperation agreement to jointly mine lithium in the Atacama Salt Flats. Supporters believe that this collaboration will help diversify the revenue sources of Codelco. Currently, the company is facing financial pressure due to a decrease in copper production and cost overruns in expansion projects leading to a sharp increase in debt.