Mexico Nationalizes D'Anconia Copper -Oops, That Was 1957 Fiction. Reality - 2023: Chile Nationalizes All Lithium Mining. (Chile Has World's Largest Lithium Deposits.)
Posted by freedomforall 12 months ago to Business
Excerpt:
"Chile's President Gabriel Boric stunned the world on Thursday when he said he would nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.
The shock move in the country with the world's largest lithium reserves would in time transfer control of Chile's vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company.
The nationalization poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials, as more countries look to protect their natural resources. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020."
"Chile's President Gabriel Boric stunned the world on Thursday when he said he would nationalize the country's lithium industry, the world's second largest producer of the metal essential in electric vehicle batteries, to boost its economy and protect its environment.
The shock move in the country with the world's largest lithium reserves would in time transfer control of Chile's vast lithium operations from industry giants SQM and Albemarle to a separate state-owned company.
The nationalization poses a fresh challenge to electric vehicle (EV) manufacturers scrambling to secure battery materials, as more countries look to protect their natural resources. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020."
Q: How will you build all those EV's without batteries?
Joe's A: Damn Trump and his right wing domestic terrorists.
the goal is to ruin the United States, deprive We the People of our Rights
but you know that already :-)
hmm not far from Afghanistan.
So there may not be a slowdown in battery production, I'd like to see 'renewables' grind to a halt.