Chile to seek bidders for preferential pricing on lithium by July

Chile will open calls by the end of July for lithium component producers to obtain preferential pricing on lithiumproduced by Albemarle through 2043, government officials said on Thursday.

Albemarle and SQM are the two current lithium operators in Chile, and their contracts stipulate that a part of their output will be awarded at preferential prices ​​to companies that keep investment in Chile, the world's second largest lithium producer.