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Codelco to acquire Australian junior as Chile rolls out lithium plan

October 18, 2023 Comments Off

Chilean state mining company Codelco has agreed to acquire Australian junior Lithium Power International as part of government plans to bolster state participation in the country’s lithium industry. In a statement late Oct. 17, Codelco said it would acquire all of LPI’s shares at A$0.57 per share, valuing at the company at around $244 million. LPI owns the Blanco lithium…