{"id":40330,"date":"2023-11-22T14:16:21","date_gmt":"2023-11-22T14:16:21","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=40330"},"modified":"2023-11-24T10:15:20","modified_gmt":"2023-11-24T10:15:20","slug":"what-companies-purchase-their-lithium-in-chile","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/what-companies-purchase-their-lithium-in-chile\/40330\/","title":{"rendered":"What types of companies purchase their lithium in Chile?"},"content":{"rendered":"

Lithium, the ‘white gold’ of the 21st century, has become crucial in today’s high-tech world.<\/h2>\n

Its unique characteristics, such as high energy density and excellent electrochemical properties, make lithium indispensable in producing rechargeable batteries that power everything from smartphones to electric vehicles.<\/p>\n

\"Lithium<\/a><\/div>\n

In this context, Chile emerges as a significant player due to its vast lithium reserves<\/a>, making it one of the leading suppliers globally.<\/p>\n

However, understanding which companies source their lithium from Chile requires delving deeper into the web of global supply chains.<\/p>\n

This article aims to untangle this complex network by focusing on major tech corporations and emerging electric vehicle manufacturers taking advantage of Chile’s rich lithium deposits.<\/p>\n

Furthermore, the factors influencing these companies to acquire lithium from Chile will be unveiled.<\/p>\n

The importance of lithium in today’s market<\/h3>\n

Lithium has ascended to unparalleled prominence in the modern market, its demand surging as industries across the globe seek this invaluable resource, often mined from the rich veins of Chile’s geology.<\/p>\n

This surge in demand can be largely attributed to the growing need for lithium-ion batteries in various sectors, including automotive and electronics. However, concerns have been raised regarding lithium’s environmental impact alongside its escalating demand.<\/p>\n

The role of Chile in global production<\/h3>\n

As a key player in global lithium production, Chile’s vast salt flats attract numerous multinational corporations seeking to secure supplies of this vital component for electric vehicle batteries and high-tech devices.<\/p>\n

The South American nation holds the world’s largest reserves of lithium, accounting for about 52% of the total available lithium resources globally.<\/p>\n

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\u00a9 shutterstock\/hecke61<\/figcaption><\/figure>\n

This, coupled with Chile’s mining policies that favour foreign investment, makes it a preferred destination for companies such as Tesla, Albemarle Corporation<\/a> and SQM S.A., who are looking to tap into its abundant lithium resources.<\/p>\n

Lithium in Chile is primarily extracted using evaporation methods from brine pools. A few aspects worth noting regarding this process include:<\/p>\n