Codelco and Quiborax Form Joint Venture to Boost Chile's Lithium Sector
Codelco, a state-owned mining company in Chile, has partnered with Quiborax to form a joint venture aimed at enhancing lithium production in the country. This collaboration is part of Chile's broader strategy to leverage its lithium resources through public-private partnerships. The joint venture will focus on the Salar de Ascotán, a significant lithium deposit, and aims to integrate advanced extraction technologies and local workforce development. This move aligns with Chile's national lithium strategy, which emphasizes technology transfer, environmental stewardship, and local economic development. The partnership reflects a shift from traditional extraction models to more sophisticated frameworks that prioritize value creation and strategic partnerships. 
