Chile's Lithium Vision: Ambitious Plans Shine While US Market Tries To Overcome Fragmentation
Portfolio Pulse from Stjepan Kalinic
Chile plans to double its lithium output in the next decade by opening 26 new salt flats for extraction, aiming to address potential lithium shortages and meet the quadrupling global demand by 2030. Sociedad Química y Minera de Chile S.A. (SQM) and Albemarle Corporation (ALB) are key players in Chile's lithium sector. Meanwhile, in the U.S., companies like Tetra Technologies face regulatory hurdles in lithium extraction, despite partnerships like the one with Exxon Mobil (XOM) for lithium extraction in Arkansas.
March 29, 2024 | 12:22 pm
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Exxon Mobil's collaboration with Tetra Technologies for lithium extraction in Arkansas may face challenges due to U.S. regulatory hurdles.
The partnership between XOM and Tetra Technologies for lithium extraction, while innovative, may encounter obstacles due to the fragmented regulatory landscape in the U.S., potentially affecting project timelines and profitability.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Albemarle Corporation, a major lithium extractor in Chile, is poised to gain from Chile's lithium expansion plans amid rising global demand.
As a dominant force in Chile's lithium market, ALB's strategic position is strengthened by the country's plans to increase lithium output, potentially boosting its production and profitability.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
SQM, a key player in Chile's lithium sector, stands to benefit from the government's plan to double lithium output, addressing global demand.
SQM's direct involvement in Chile's lithium extraction and the government's ambitious expansion plans suggest a positive outlook for the company's production capabilities and market position.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90