Resumen de Corfo confirms six lithium product investment proposals

Paul. Rackstraw, Martim Facada

• The six companies have proposed investment in various different value-added lithium products, such as lithium metal and cathode materials for use in electric vehicle (EV) batteries. Chinese SinoVenture Chile; Chilean Imelsa SA and Invermar SA; Belgium-based Umicore; US-based Bravo Motor Co; Canada-based Rubystock Financial Capital Corp and Fallingbrook Commodities Ltd. The chance to invest in lithium value-added products in Chile originated from a contract signed between Corfo and Albemarle, which stated that part of the lithium extracted by Albemarle [25% of the company’s production in Chile] had to be used in the production of lithium value-added products in Chile.