rbtfl.

mining-investor analytical

立場別 · 3 論調 本号全体

Analyses the JV structure: SQM continues to operate the Salar de Atacama under the partnership until 2060 when the concession expires, with an interim target of 300,000t additional LCE output between 2025-2030; Codelco's experience is in copper, not lithium brine, so operational risk concentrates on the transition of management control in 2031.

“The Chilean model of public-private partnership may influence resource policies across Latin America's lithium triangle.”

経緯を追跡する。パナマ最高裁が大規模な抗議を受け2023年末に鉱山を閉鎖。ムリーノ政権は再開議論の前提として独立審査を委託した。88%は法的には前進に十分なスコアだが、政治的反発は依然として根強い。

“パナマが6月の最終判断を前にコブレ・パナマの最終審査を公表。”

Reports the Q1 2026 price surge: battery-grade lithium carbonate rose from ~$13,433/t in early December 2025 to $26,278/t by late January 2026 (a 95% increase in six weeks); cites battery energy storage demand growing 51% in 2025 as AI infrastructure expansion drove grid storage investment; notes Canaccord projecting a deficit through 2035.

“Q1 2026 lithium prices nearly doubled amid supply strain, with battery-grade carbonate rising 95% in six weeks.”