A harbinger of the bydir Chilean lithium mine storm
On January 14, 2022, BYD successfully won the bid for the lithium mining contract of the Chilean Ministry of Mines, planning to purchase an 80,000-ton lithium metal production quota for $61 million. The recent cooperation was stunted after local indigenous communities appealed on the grounds that the bidding programme was contrary to environmental protection and economic development.
Since Chilean left-wing Gabriel Boric began approaching the presidency in late 2021 and was eventually elected president, there have been endless fears that a left-wing ruling could nationalize Chile's lithium mines. Judging from the bydir winning bid for the Chilean lithium mine incident, although there are twists and turns in the middle, it can be seen that Chile welcomes foreign capital to invest in Chile to a certain extent.
I once discussed in detail the impact of the election of the Chilean left on lithium resources in the article "Tianqi Lithium Tracking 1 - Inferences Based on the History of Chilean SQM".
"Worries will end"
#Finance ##Stocks##Chile#BYD##锂 #
