SANTIAGO (Reuters) – Chilean President Gabriel Boric said on Thursday he would nationalize the country’s lithium industry and create a separate state-owned company to produce the metal used to make electric vehicle batteries. In announcing his long-awaited national lithium policy, Boric said that future lithium contracts would only be issued as public-private partnerships with state control. He added that the government would not terminate existing contracts with SQM and Albemarle Corp, but seek state participation before contracts expire.
(Reporting by Alexander Villegas and Ernest Schneyder; Editing by Jacqueline Wong)
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