China Laments Chile Nationalizing Key Green Energy Mineral Lithium, Freezing Beijing Out
China’s state-run
Global Times on Monday
filed a gloomy report on Chile’s plans to nationalize its lithium industry, which would freeze Beijing out of exploiting the vital “green energy” mineral.
The editors vacillated between warning Chile that it courts disaster, and huffing that China does not really need Chile’s lithium output.
Chile’s left-wing President Gabriel Boric gave a
televised address last Thursday to announce that a state-owned company would take control of all lithium production, ostensibly because it would be better able to implement revolutionary new filtration technologies.
Chile is
currently the world’s second-largest producer of lithium, which is essential for producing electric vehicle batteries. Australia is the top producer, but Chile has much larger reserves waiting to be tapped.
Existing lithium production techniques rely on
extracting the metal by pumping mineral-rich brine from deep underground and pouring it into huge evaporation ponds. Evaporation is slow, relatively inefficient, and creates undesirable gas byproducts.
China Laments Chile Nationalizing Key Green Energy Mineral Lithium, Freezing Beijing Out