Thursday , May 26 2022

Corfo will present the mediation against Albemarle before December 15


Corfo has restated today that before December 15 will present its contract with the American Albemarle to arbitration in an International Chamber of Commerce, for differences in the interpretation of clause.

"We would like this nuisance to happen because we are strategic partners in this industry and I wish we have managed to create an agreement that would benefit from setting this industry and we believe that this price they are not offering , "said Sebastián Sichel, vice president of Corfo, told Reuters.

According to Corfo, Albemarle would not fulfill its obligation to offer up to 25% of its ability to produce annual lithium – a key contribution in the electromobility industry – at a discount rate for companies trying to produce batteries in Chile. .

The lithium producer said a few weeks ago in a statement that he had made several price offers and believed that he had fulfilled his obligations to Chile's government.

Corfo has explained that the disagreement with Albemarle would not jeopardize his lithium right in Salar de Atacama, one of the most desirable deposits of light metal in the world.

According to the government entity, the lower agreed rate in the contract must be equal to the lowest price of the lithium market produced by the company and exported from Chile in the past six months, & # 39; n being satisfied, according to Corfo.

"According to the legal strategy and that we have a state, we know (in arbitration) the boundaries and applications that will be known in their record," said Sichel.
However, the Chief Body emphasized that the government's focus on promoting the development of companies trying to produce batteries in Chile, so they hope that this litigation will be resolved in the shortest time.

"We want companies to be installed as soon as possible, and I hope that Albemarle will be closer to the situation that we understand is a referral price according to what is specified in the contract," he said. executive of the state agency.

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