SYDNEY, Australia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Lithium Power International Limited (ASX: LPI) (“Lithium Power” or “the Company”) refers to recent media speculation regarding discussions between Corporación Nacional del Cobre de Chile (“Codelco”) and Lithium Power about a potential transaction. Lithium Power confirms that it is in discussions with Codelco regarding a potential transaction. However, at this stage, discussions between Lithium Power and Codelco are incomplete and no agreement
State-owned Codelco has been tasked to lead the initiative to kick-start Chile's lithium industry as demand is set to boom with the uptake of electric vehicles. Chile in April had announced plans to nationalize its lithium industry through a model in which it would hold a controlling interest in all projects, partnering with mining firms. Lithium Power owns Chile's largest permitted brine project Maricunga, among other projects in Pilbara, Western Australia and Argentina.
Thank you, Aisha, and welcome, everyone, to Albemarle's second-quarter 2023 earnings conference call. Joining me on the call today are Kent Masters, chief executive officer; and Scott Tozier, chief financial officer; Netha Johnson, president of specialties; and Eric Norris, president of energy storage are also available for Q&A. As a reminder, some of the statements made during this call, including our outlook, guidance, expected company performance, and timing of expansion projects, may constitute forward-looking statements.