Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Chile's Codelco to explore Maricunga lithium claims

Metals | Steel | Raw Materials

India's steel sector: turning a corner or facing more hurdles ahead?

LNG | Natural Gas | NGL

Platts LNG Alert

Commodities | Metals | Steel | Materials | Building & Construction | Financial Services | Macroeconomics

Steel Markets North America Conference, 16th Annual

Metals | Steel | Raw Materials

Japan's slowing economy worries steelmakers amid COVID-19 impact

Chile's Codelco to explore Maricunga lithium claims

Santiago — Chile's Codelco is seeking authorization to explore its mineral claims on the Salar de Maricunga, in the latest move to expand lithium production in the country.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

In a statement Friday, the state-owned mining company said it will seek to estimate the potential for lithium resource in the Salar, carrying out the first drilling at the site.

The investigation into the mineral-rich brines, lying beneath the crust of the salt-flat, is expected to take six to eight months of fieldwork and will allow Codelco to decide whether to continue advancing the project.

Chile is one of the world's largest producers of lithium and the giant Atacama salt-flat, exploited by Albemarle Corp. and SQM, is considered one of the richest reserves of the mineral.

Both the companies are investing to boost production to meet growing demand from electric vehicles.

However, Chile has lost ground in the global lithium market in recent years, as constitutional restrictions reserving lithium production for the state has pushed investors to develop mines in Argentina and Australia instead.

Under a new lithium policy published four years ago, the Chilean government plans to boost lithium production by directing its state-owned mining companies Codelco and ENAMI to develop their claims over salt-flats in the arid north of the country.

In 2018, the government granted Codelco special permits over the whole of the Salar de Maricunga, considered as the country's second richest lithium deposit behind the Salar de Atacama.

The world's largest mining company last year entered talks with privately-owned Minera Salar Blanco to form a joint venture exploiting claims held by both the companies on the Salar.

MSB, which has environmental approval to produce 20,000 mt/year of lithium carbonate equivalent from its claims, said at the time that production could begin as early as 2021.

Battery Metals podcast

Our monthly insight into the current and future trends fueling the global electric vehicles (EV) revolution.