Good to see countries realize that if they just export raw materials and don't do any industrial processing locally, then they are mere colonies of a foreign power.
Even if the bigger part of the profits travels abroad, if the industrial knowledge stays in the country and also has a network effect on other industries and businesses, then it's a win on it's own.
Specially in this case where I doubt Chile even has the know-how and funds to explore the lithium on their own without foreign help.
Even if the bigger part of the profits travels abroad, if the industrial knowledge stays in the country and also has a network effect on other industries and businesses, then it's a win on it's own.
Specially in this case where I doubt Chile even has the know-how and funds to explore the lithium on their own without foreign help.