Lithium Venture in Chile in Talks with EV Firms to Invest in Mine Project.

Simco Lithium, a joint venture between a Singaporean investment fund and a Chilean business group, is in talks with investors to secure funding for its lithium mining project in Chile. The project, valued at $1.5 billion to $2 billion, aims to become Chile's third lithium producer. While major mining firms may not be interested in the project, there is interest from battery and electric-vehicle makers. Simco is working with indigenous groups and finalizing a feasibility study for the project, and it hopes to begin construction this year. The venture has also proposed collaborating with state-owned company Codelco on the project. [Extracted from the article]