Tesla Is Looking To Invest In Chile’s Largest Lithium Producer

(edited)

Tesla is currently in talks with Chile’s largest lithium producer Sociedad Química y Minera, as a possible partner in the development of a processing plant in the South American country. The deal  would likely result in a new facility that would aid Tesla in securing the supply of raw material used in lithium-ion batteries. 

Edited by Vlad Kovalenko

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Chile's lithium industry could significantly improve the South American economy. This country owns 54 percent of the world's lithium reserves. 

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Yes, it is already estimated that the lithium industry can attract about $10 billion in investment and up to 10,000 new jobs. This investment could be a big deal for Chile.

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Everyone will want to be close to Chile now because this country will probably be a key for any company wanting to become global on EV market. Tesla  smelled it before everyone else. 

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Sounds like a logical, strategic move from Tesla. This is a a good win-win deal. 
 

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This announcement looks just like  another Tesla's attempt  to pump its stock price. Nothing more. The supply of cobalt is a bigger problem in this industry. 
 

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I disagree with you. Although cobalt is a key component for EVs it seems intuitive that Li-ion batteries still require lithium. That's the point of this agreement with the Chileans. 

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South America could definitely use a bit a cash inflow. But where there is a winner (in this case, South America and even Tesla), there is often a loser. Who is the loser in this scenario.

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Chile, Argentina, Bolivia to choose from in this 'lithium triangle'. SQM would be the best partner to that end. Rock on, TSLA. 

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