Codelco and SQM Launch Lithium Venture in Chile’s Atacama Desert

Post Views: 299 Chile Lithium Codelco and SQM Form NovaAndino Litio for Lithium Production Codelco and SQM have completed a landmark deal to boost lithium production in Chile’s Atacama Desert. The joint venture, NovaAndino Litio SpA, merges Codelco affiliate Minera Tarar SpA with SQM Salar SpA. This partnership gives the Chilean government control over one of the world’s richest lithium reserves, positioning the country as a key player in the global battery metals market. NovaAndino Litio will manage all lithium exploration, production, and sales in the Salar de Atacama until 2060. Existing ag...