According to the president of Codelco, Máximo Pacheco, the company is set to commence lithium exploration in the Pedernales salt flat in the second half of this year. This initiative is part of the national policy on lithium, aimed at securing the State’s involvement in the crucial mineral industry for electric batteries.

In other salt flats such as Atacama and Maricunga, Codelco will be allowed to form alliances with private entities. However, in Pedernales, there will be more flexibility in participation and control structures. This approach aligns with the government’s vision of ensuring State participation in the lithium industry while also fostering collaboration with private entities.

By strategically leveraging resources and expertise, Codelco aims to advance its lithium exploration efforts and contribute to the growth of the electric vehicle industry. The company sees this as an opportunity to strengthen its position as a leading producer of lithium and support Chile’s goal of becoming a global hub for clean energy technologies.