Chile will allow companies to bid for licenses for the extraction of 400,000 tonnes of lithium, the country's mining ministry said on Thursday October 14.
Prospective bidders have until December 21 to submit their proposals to extract the critical battery mineral.
The tender opened on Thursday to both national and international bidding. It will "tender and award Special Operation Contracts (CEOL) by quotas," a statement from the Chilean ministry of mining said. "There will be five lots of 80,000 tonnes of lithium each for one license, without a specific geographic location."
A company may win a...