Chile Selects Six Priority Sites for Lithium Exploration

Chile Lithium

Chile has taken a major step forward in expanding its lithium production capabilities by selecting six key sites for exploration. According to the country's mining ministry, these locations include the Coipasa, Ollague, Ascotan, Piedra Parada, Agua Amarga, and Laguna Verde salt flats. This move reflects Chile's ongoing commitment to maintaining its position as a global leader in lithium production.

The consultation process with indigenous communities living near these exploration areas will begin in October, according to mining minister Aurora Williams. This step is part of the government’s effort to ensure that all stakeholders are involved in the decision-making process, especially regarding the environmental and social impacts of lithium extraction.

Upcoming Second List of Sites

Minister Williams also revealed that a second list of saline systems and deposits will be announced later this year, with an emphasis on feasibility criteria, geological factors, and environmental considerations. The Chilean government is striving to balance economic growth with environmental responsibility in its lithium expansion plans.

Chile has already received 12 project proposals from both private and state-run companies eager to explore lithium within the country’s borders. Finance minister Mario Marcel stated that Chile aims to increase its lithium production by more than 70% by 2030, a bold goal that would solidify its status as a lithium powerhouse.

Chile currently holds an estimated 36-40% of the world's lithium reserves, sharing its position in the so-called "lithium triangle" with Bolivia and Argentina. As the world's second-largest producer of lithium, Chile is playing a crucial role in the growing demand for this vital mineral, which is essential for electric vehicle batteries and other green technologies.