Chile's ENAMI aims to break ground on first lithium project by 2028 [Yahoo! Finance]
ERAMET SA UNSP/ADR (ERMAY)
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Source: Yahoo! Finance
country as soon as 2027 or 2028, company chief Ivan Mlynarz told Reuters, part of the government's push to boost its role in production of the battery metal. ENAMI, which processes copper for local mining companies, has been tasked with spearheading the government's maiden ventures into lithium alongside state mining giant Codelco. Chile is the world's second largest producer of lithium, which is a key material for most batteries that power electric vehicles. The global shift towards EVs has created a rush by carmakers and global powers for the ultralight metal. ENAMI this month launched a search for a private partner to offer financial backing or operational support for the project at three salt flats known as the Salares Altoandinos in the Atacama region in northern Chile. Applicants must register by June 7, kicking off a selection process that ENAMI aims to complete in March 2025. "Right now we are developing the engineering basically so the project can start construction
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