Tuesday, February 27, 2024

Elon Musk and his opinion on the “Lithium Plan in Chile”

Elon Musk briefly referred to Chile’s national plan for lithium. From Twitter, he indicated that this resource is very common on the planet and that the important thing is its refinement.

The conversation occurred in the midst of a publication by financial services company Unusual Whales, which commented on its Twitter account that “Chile will nationalize the country’s lithium industry, the world’s second-largest producer of the essential metal in vehicle batteries. electricity, to boost its economy and protect its environment.

“Lithium is very common all over the Earth. What matters is the refining capacity” was the response of Musk, owner of Twitter and Tesla.

This is in reference to President Gabriel Boric’s announcement on Thursday about Chile’s national lithium strategy, which among other measures, it contemplates the creation of a state-owned company that will participate in the exploration, exploitation, and production of lithium-based products.

Elon Musk And His Opinion On The &Quot;Lithium Plan In Chile&Quot;

Is Tesla talking to the Chilean government?

Musk, as the owner of Tesla, a company dedicated to building electric vehicles, has a particular interest in buying lithium, a mineral used for these types of cars.

Even last March Tesla executives have already held hearings with the Chilean government through the Ministry of Foreign Affairs, Corfo, and the Ministry of Mines, to which they have raised the above. In the appointment with Corfo, for example, they indicated their interest in knowing how Albemarle operates in Chile since they would not rule out a mutual collaboration with that mining company.

In December 2022, something that had been confirmed a few days ago began to spread: Elon Musk would announce the creation of an electric vehicle assembly plant in Mexico. Could this favor the development of Chilean lithium?

World Nation News Desk
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