Lithium Triangle: Difference between revisions

Content deleted Content added
m ISBN: → ISBN
OAbot (talk | contribs)
m Open access bot: doi updated in citation with #oabot.
Line 14:
All lithium extracted in Chile as of 2023 comes from [[Salar de Atacama]].<ref name=Munita>{{Cite news |title=Control estatal de los salares, negociar con SQM y empresa nacional: Las claves de la estrategia del Gobierno por litio |url=https://www.emol.com/noticias/Economia/2023/04/21/1092883/claves-politica-nacional-litio.html |last=Munita C. |first=Ignacia |date=2023-04-21 |access-date=2023-04-21 |work=[[El Mercurio|Emol]] |language=Spanish}}</ref> The only two lithium-extracting companies currently operating in Chile, [[Sociedad Química y Minera|SQM]] and [[Albemarle Corporation|Albemarle]], have licences to extract lithium until 2030 and 2043 respectively.<ref name=Munita/><ref name=exante21>{{Cite news |title=Las razones del desplome bursátil de SQM tras el anuncio presidencial del litio |url=https://www.ex-ante.cl/las-razones-del-desplome-bursatil-de-sqm-tras-el-anuncio-presidencial-del-litio/ |last=Browne R. |first=Vicente |date=2023-04-21 |access-date=2023-04-21 |work=[[Ex-Ante (online newspaper)|Ex-Ante]] |language=Spanish}}</ref> In April 2023 Chilean government announced plans for nationalizing its lithium industry.<ref name=reuternat21>{{Cite news |title=Chile plans to nationalize its vast lithium industry |url=https://www.reuters.com/markets/commodities/chile-plans-nationalize-its-vast-lithium-industry-2023-04-21/ |last1=Villegas |first1=Alexander |date=2023-04-21 |access-date=2023-04-21 |work=Reuters |last2=Scheyder |first2=Ernest}}</ref> The announcement impacts chiefly the companies SQM and Albemarle.<ref name=reuternat21/> In response, the [[Share (finance)|shares]] of SQM in the [[Santiago Stock Exchange]] dropped by 15% during the day, their largest daily drop since September 20, 2022.<ref>{{Cite news |title=Acción de SQM se desploma por política del litio y borra más de US$ 3.300 millones en capitalización bursátil |url=https://www.df.cl/mercados/bolsa-monedas/bolsas-hoy-jaidx |last1=Pescio |first1=Benjamín |date=2023-04-21 |access-date=2023-04-22 |work=[[Diario Financiero]] |last2=Arvelo |first2=María C.|language=Spanish}}</ref> The government's decision was thought to have less impact for Albemarle than for SQM given that it had many more years to negotiate before its licence expire.<ref name=exante21/> The state-owned copper company [[Codelco]] was commissioned by the government to negotiate nationalization with SQM.<ref name=exante21/>
 
The indigenous inhabitants of Salar de Atacama basin –the [[Atacama people|Likan Antay]]– have a history of both opposing lithium extraction and negotiating for [[shared benefits]] with lithium companies.<ref name=Lorca/> Negotiations occur under the framework of the [[Indigenous and Tribal Peoples Convention, 1989|Indigenous and Tribal Peoples Convention]] which Chile signed in 2008.<ref name=Lorca/> It is argued that "[a]greements between Indigenous organizations and lithium companies have brought significant economic resources for community development, but have also expanded the mining industry's capacity for social control in the area."<ref name=Lorca>{{Cite journal |title=Mining indigenous territories: Consensus, tensions and ambivalences in the Salar de Atacama |journal=The Extractive Industries and Society |url=https://www.sciencedirect.com/science/article/pii/S2214790X22000053 |last1=Lorca |first1=Mauricio |volume=9 |last2=Olivera Andrade |first2=Manuel |doi=10.1016/j.exis.2022.101047 |year=2022 |last3=Escosteguy |first3=Melisa |last4=Köppel |first4=Jonas |last5=Scoville-Simonds |first5=Morgan |last6=Hufty |first6=Marc|page=101047 |s2cid=246456703 |doi-access=free }}</ref>
 
==See also==