Chile’s lithium watchdog agency to cut red tape seen as crimping sector

Chile has lost ground in recent years to rival lithium producers, with no new projects coming online despite soaring global demand and huge reserves of the electric vehicle battery metal.

RIO DE JANEIRO, BRAZIL - Chile’s top lithium regulator is preparing to slash the red tape that investors have long said stymies output and new projects in the world’s No. 2 producer of the ultralight battery metal, the head of the watchdog told Reuters.

Jaime Salas, director of Chilean nuclear agency CCHEN, said in an interview in his Santiago office that the agency would shortly roll out revamped guidelines that make clear and transparent to newcomers how it determines lithium quotas, and also spell out how those rules will be enforced.

Chile has lost ground in recent years to . . .

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