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No, not really

The president of Chile plans to nationalise the nation’s lithium-mining industry, placing the material critical for electric car manufacturing in the state’s control.


The government will honour existing contracts with companies, he said, some of which stretch into the 2040s.

What they mean is that they’re going to nationalise the lithium development industry, not the lithium mining one. And that’s pretty much nationalised already to be honest. For to develop you need a licence from the nuclear ministry, which doesn’t grant them.

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