Is lithium a critical energy resource in Chile?

The global and regional significance of lithium as a critical energy resource is examined. The evolution of Chile's lithium industry is analyzed, emphasizing two recent key policy initiatives: the 2015 National Lithium Commission report and the newly launched national lithium strategy. The salient features of these initiatives are outlined.

What is Chile's new lithium strategy?

On April 20, the Chilean government announced its new lithium strategy, which plans to give control of the country’s lithium industry to the state.

How can Chile improve the lithium industry?

Just as important are measures to help Chile create an ecosystem in which more value is added to its lithium industry, specifically technology transfer and worker training in areas like LFP cathode manufacturing. In 2015, the size of the lithium market was forecast at just $8–10 billion by 2020.

Which Chilean centers are focusing on developing lithium technologies?

Another Chilean center focused on developing lithium technologies is the Advanced Mining Technology Center (AMTC), located at the University of Chile. Research has been focused on new sustainable technologies for lithium brine processing and direct LiOH production.

Is lithium a mineral in Chile?

In essence, lithium has a unique status in Chile, similar to hydrocarbons. Under Chilean law, lithium is considered a strategic mineral belonging to the state of Chile, and exploration and operations can only be carried out under special operation contracts (CEOL). 3.2. Companies exploiting lithium in the Salar de Atacama

Why is Atacama a good place to buy lithium?

Furthermore, in terms of cost advantages, the production expenses for lithium in Atacama are the lowest worldwide due to favorable evaporation conditions resulting from the region's climate and the existing infrastructure facilitated by the presence of major copper mining operations nearby. 3.3. National Lithium Commission