Tsingshan Holding Group will invest $233.2 million to set up a plant in Chile to produce lithium iron phosphate , used to power electric vehicles, Chilean President Gabriel Boric said on Monday.
“The most important thing, is that we’re not limiting ourselves to just the extraction of lithium, but we’ll be creating value chains and transferring knowledge,” Boric, who is currently visiting China, said in a video posted on social media. Xiang noted that nickel and stainless steel giant Tsingshan has invested and established an integrated nickel supply chain in Indonesia, the world’s top nickel supplier, creating over 100,000 jobs in the country.
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