Posted 3/15/2024, 12:35:45 PM
Chile Seeks US Lithium Investment with Talks on Subsidies Under Inflation Law
- Chile hopes lithium products will qualify for US subsidies under Inflation Reduction Act, attracting investment
- Economy Minister optimistic after talks with Biden administration, believes decision will happen this year
- Subsidies could encourage US companies to invest in Chile's lithium industry and battery component manufacturing
- Companies like Tesla and LG have met with Chilean government recently regarding lithium
- New US-Chile tax treaty seen facilitating investment between the countries
