The project will focus on the production of dysprosium and terbium, two key chemical elements for the manufacture of electric vehicles and wind energy turbines.
S&P Global Mobility forecasts that passenger EV demand in 2023 will reach 10 million units, 13.3% of total demand.
More than 3,000 zero- or low-emission vehicles were sold in Chile in 2021
The idea is to form a working group among South American producers to advance in the value chain of this metal.