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Twelve companies including global miner Rio Tinto and Chinese electric vehicle maker BYD have submitted proposals to extract lithium in Chile’s Altoandinos salt flats, the state mining company ENAMI said on Thursday.
ENAMI launched its search in May, seeking a partner to offer either financial backing or operational support in Altoandinos, for an ownership stake that has yet to be determined.In addition to Rio Tinto and BYD, the applicants included publicly listed miner Eramet of France, battery maker LG Energy Solution of South Korea, steel company Posco, also from South Korea, and Chilean construction group Belsaco.
Chile is the world’s second largest producer of lithium, a key material for most batteries that power electric vehicles. “This confirms the commitment of these companies to proceed in a public-private partnership to make this project happen,” ENAMI chief Ivan Mlynarz said in a statement.
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