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.

Why does Chile need lithium?

For a nation rich in the lithium reserves desperately needed to support the pace of the energy transition, it is critical that Chile adopt strategies that help meet global demand, maximize the benefits for its people, and protect the environment. The world needs lithium—a lot of it—for batteries in electric vehicles (EVs) and electricity storage.

Who owns the lithium industry in Chile?

Currently, the primary players in Chile's lithium industry are SQM, accounting for approximately 65% of production, and Albemarle, holding 35%. Both companies operate in the Salar de Atacama, where they control 34% of the world's lithium supply, equivalent to approximately 44 000 tons.

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.

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

Is lithium research in Chile based on basic science?

However, lithium research in Chile is not only focused on technological developments, but examples of basic science are also being conducted, as seen in ref. 58 and 59.