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The National Renewal MP and member of the inquiry commission on the agreement between Corfo and the SQM on lithium mining in the Atacama Salar, Francisco Eguiguren has warned Friday against the risks badociated with the Chinese company Tianqi controls the board of directors of SQM, the largest non-metallic mining company in Chile.
After learning that the Constitutional Court (TC) had not admitted the requirements of the Pampa group, SQM controller, who baderted to challenge the agreement reached between the prosecutor's office responsible for the investigation. National economy and the Tianqi Attorney General for the sale of 24% of type A shares. It has also been approved by the Court of Free Competition.
Although the parliamentarian of the Coquimbo region, The TC Resolution, which will allow the negotiation to follow its course through institutional channels, said that this agreement "is not a C & # 39; a news for Chile. "
According to the legislator, it is" a precarious contract, imprecise, which seriously harms our interests and the market, while leaving a very bitter taste, because the importance of lithium and future projections require serious and thorough work, truly capable of protecting the interests of our country and future generations. "
MP Eguiguren insisted that" regarding the implications In the lithium market, overall, there is every indication that the concentrations will be large and that the impact on competition will be terrible.In fact, according to Bloomberg figures, the lithium industry is concentrated in four main players: Albemarle q ui controls 18% of the industry, the second Jiangxi Ganfeng with 17% of the industry, SQM which controls 14% and Tianqi with 12%.
In this sense, he recalled that the Jiangxi and Albemarle companies are partners in Australia. "But also, Jiangxi is from China and it is this country that is behind all this. We open our eyes, it is China that is attacking the world market and buying what we can, because it is the great power of the future that will have the whole world at its feet. That's what China wants and the truth is we can not ignore it. "
" If Tianqi controlled Soquimich's board of directors, he would control more than a quarter of the world's lithium market. In this sense, there will be global consumer effects on lithium products such as mobile phones, drugs, electric cars, batteries, "he added.
Finally, the parliamentarian mentioned a topic that he called "no one speaks." This is the nuclear fusion, which is the future hydrogen bomb that China will have the power to manage, perhaps, in the relations So, keep an eye on it, we play with bombs when we say that lithium, which will never be like copper, is strategic and that it has an exponential projection today that is hard to calculate and that It is in the hands of a single controller like Chile to be extremely risky for our country and future generations. "
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