Chile discusses IRA benefits with US to lure lithium investments
Chile’s government is in talks with the Biden administration over benefits that US companies could access from the Inflation Reduction Act if they were to invest in the mineral-rich Andean nation.
Authorities from Chile have held discussions with President Joe Biden himself as well as US Treasury Department and trade officials, Foreign Affairs Minister Alberto van Klaveren said in an interview.
President Gabriel Boric’s government is looking to attract foreign capital to help it tap more of the world’s biggest lithium reserves and move further along the battery supply chain as the clean energy transition gathers momentum. The country’s free-trade agreement with the US signals that materials produced in Chile would qualify for incentives to make more electric vehicles in North America.
“At first, it seems to us that the existing free trade agreement with the United States gives us a very good base to be able to participate in the benefits of the IRA,” van Klaveren said.
During a visit to Washington earlier this month, Boric said he discussed opportunities that Chile offers in renewable energy, copper and lithium.
On that same trip, Economy Minister Nicolas Grau met with representatives of EV giant Tesla, Deputy Trade Minister Claudia Sanhueza said in a separate interview on Friday at a summit that Biden hosted in San Francisco for leaders of the Asia-Pacific Economic Cooperation forum. Tesla is preparing to begin operations in Chile.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation