In today’s briefing:
- Nationalization of Lithium Industry in Chile – Impact on Korean Rechargeable Batteries Value Chain
Nationalization of Lithium Industry in Chile – Impact on Korean Rechargeable Batteries Value Chain
- On 20 April, Chile’s government announced that it will be nationalizing the country’s lithium industry. Chile is the second largest producer of lithium in the world.
- The nationalization of the lithium industry in Chile will likely have a long-term negative impact on the rechargeable batteries related companies in Korea.
- This is mainly due to greater challenges of getting access to lithium at more affordable prices.
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