Chile’s plan for state control in lithium dismays business
SANTIAGO, Chile (AP) — The Chilean government’s newly announced plan to have the state take a majority stake in the lithium industry disconcerted business leaders, though analysts cautioned that the proposal appears to try to strike a middle ground between competing interests.
President Gabriel Boric announced in a national broadcast Thursday night that private companies will have to partner with the government in exploiting Chile’s lithium, a metal used to make rechargeable batteries.
Boric said the state would take a controlling interest in each partnership, leading some to call it a nationalization of the industry, while others disagreed.
“Phrising it…
Important team and business changes
Team –
We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this, and I don’t want to bury the lede: after today Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today. I recognized the crushing impact this decision had on some of you, and did not make this decision lightly.
In the next 5 minutes you’ll get a follow up that tells you if you are affected. There’s no way to make this…
