Commodities & Energy

Reuters shows how lithium-rich Chile botched a plan to attract battery makers

Reuters shows how lithium-rich Chile botched a plan to attract battery makers

Reuters showed how lithium-rich Chile botched a plan to attract battery makers. The country had sought to draw corporate investors, including South Korean electronics giant Samsung, to build factories to produce battery parts for electric vehicles, offering them a guaranteed supply of lithium at attractive prices for nearly three decades amid a global race to lock down supplies. But then the government failed to deliver the bountiful, bargain-priced lithium it had promised in a fast-changing market.