China Loses Big! Chile Takes Control of Global Lithium Mining Hub
China Loses Big! Chile Takes Control of Global Lithium Mining Hub
Udumbara
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Chile has recently taken a decisive step toward nationalizing its lithium industry, signing a joint venture agreement between the state-owned Codelco and local lithium giant SQM. This move directly impacted Tianqi Lithium, a major Chinese company under the control of the Chinese Communist Party (CCP), which had invested heavily in Chile’s lithium sector. This marks a significant setback for China in the global race for dominance over critical resources like lithium.
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