Chile's move to nationalise its lithium industry adds fresh supply chain uncertainty for global carmakers facing a shortage of electric vehicle (EV) battery materials and could provide fresh urgency to find new sources of the metal.
"NO LITHIUM=NO BATTERIES=NO EVS"
Santiago's announcement "will place an even higher focus on secure supplies of UK and European lithium for carmakers who are desperate to secure raw materials for EVs," Jeremy Wrathall, CEO of Cornish Lithium, wrote in an email. "No lithium=no batteries=no EVs." Rob Anstey, CEO at GDI, which is developing silicon anodes for batteries, said this should be a wake-up call for an auto industry dependent on China for graphite for battery electrodes.
Chile's move may provide an advantage for other countries hopeful of developing their own lithium supplies.sees opportunities for mining in a number of African countries, including Morocco and Rwanda.
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