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Reuters
Reuters
Business
By Fabian Cambero

Chile's lithium takeover plan faces technical, political challenges

FILE PHOTO: A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018. REUTERS/Ivan Alvarado/File Photo

While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges.

President Gabriel Boric last week said he would move to gradually nationalize the country's lithium industry, which holds the world's largest reserves of the metal, in a bid to boost Chile's economy.

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