Australia’s Lithium Power International (ASX: LPI) confirmed on Friday it is engaged in talks with Chilean state-owned copper miner Codelco about a potential deal to jointly mine for the battery metal in the South American country.
Chile announced in April a new national lithium strategy, which calls for public-private partnerships for future lithium projects. Under the new model, the state takes a controlling stake in operations considered strategically significant, while private firms can retain control of projects in non-strategic areas.