CLICK TO WATCH : ‘ PDAC 2019 ’ 67 rights and are one of the signatories of Convention 169 ( a United Nations ‘ Convention on Indigenous and Tribal Peoples ).”
Alongside its lithium and copper reserves , Chile is blessed with large geological resources to develop the extraction of cobalt . It ’ s a combination that leaves Chile well placed to benefit from the boom in electric vehicles and energy storage . “ Cobalt is among the least exploited minerals in Chile ,” says Prokurica . “ It ’ s taking on a different dimension because of its use in e-mobility . Typically , those countries
that previously had a high offering have seen demand dropping either because they are not democratic or they don ’ t respect human rights and have problems on the international market due to traceability issues , leading to the purchase of cobalt from these problem areas falling .”
With mining companies betting on demand for battery metals to drive the electrical vehicle revolution , Prokurica sees an opportunity for Chile to consolidate its copper supremacy . “ E-mobility needs copper ,” he stresses . “ Today ’ s traditional cars use around 23 kilos of
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