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Lithium Policy Aims For Control, Treasury Debt Sale

  • The government gave the clearest sign yet that the state will play an active role in deciding how some of the world’s biggest lithium deposits will be developed in partnership with the private sector.
  • “The objective is control,” Economy Minister Nicolas Grau said in an interview Tuesday. Control being “that the different fundamental decisions the company makes respond to the interests that we have as a country.”
  • While negotiations between Codelco and prospective partners will determine the new contracts, at the end of the day, companies’ strategic decisions must be aligned with national interests, Grau said from his office in downtown Santiago.
  • Separately, on Wednesday Chile’s Treasury will sell $369 million in peso bonds and $132 million in CPI-linked notes, both due in 2033.

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