Lithium tightness to stay while Chile sets regulatory framework, says Wealth Minerals exec

• Autores: Industrial Minerals
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 599, 2018 (Ejemplar dedicado a: Febrero )
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • Tightness in the lithium market is set to remain for up to a decade due to delays in securing the appropriate regulatory framework in Chile, a senior executive at Canada-based junior mining firm Wealth Minerals told special correspondent Andrea Hotter.Demand for lithium has skyrocketed in recent months following a boost to demand for the batteries used in electric vehicles. “The supply side of the equation will catch up, but I think the market will continue [to be] in deficit or very tight for the next seven to 10 years before the supply side can catch demand. Because Chile is running behind, because the government has taken so long to release the regulatory framework for investors,” he told Metal Bulletin. Strategic plan The strategic plan of the junior mining company is to develop all deposits up to bankable feasibility study stage, with all environmental permits in place, and then enter into joint ventures for them.