Codelco, Chile’s state-owned company, is set to begin lithium exploration at the Pedernales salt pan in the second half of this year, according to company president Maximo Pacheco. This initiative is part of the national lithium policy, which aims to ensure the participation of the state in the key mineral industry of electric batteries. The government of President Gabrijel Borić tasked Codelco with increasing control in strategic salt pans such as Atacama and Marikunga through public-private partnerships.
While Codelco will be allowed to form alliances in other salt pans such as Pedernales, there will be more flexibility in participation and control structures. This approach is in line with the government’s vision to ensure state participation in the lithium industry, while encouraging cooperation with private entities. By strategically leveraging resources and expertise, Codelco aims to advance its lithium research efforts and contribute to the growth of the electric vehicle industry.
Codelco has been a leader in the mining sector for decades and has played a significant role in shaping Chile’s economy. With this new initiative, it seeks to expand its influence in the rapidly growing lithium market. Lithium is a critical component for electric vehicle batteries, and with demand expected to continue rising in coming years, it is an essential resource for sustainable transportation.
The government’s decision to partner with Codelco on this project reflects its commitment to supporting innovation and growth in key industries such as electric vehicles. It also highlights how public-private partnerships can play a crucial role in advancing scientific research and driving economic development.
Overall, this new initiative by Codelco represents an exciting opportunity for both Chile and the global electric vehicle market. As demand for sustainable transportation continues to grow, companies like Codelco that are able to harness their resources effectively will play an increasingly important role in shaping our future.