Lithium Superpowers Seek Riches as Battery Makers

The video discusses the strategic position of Chile and Australia in the lithium supply chain, providing 75% of the world's lithium raw materials. Both countries aim to move downstream to create more value by investing in refineries and battery production industries. However, they face challenges such as global competition, lack of a local automotive industry, and the need for skilled labor. Governments in both nations are offering subsidies and incentives to support these aspirations.

What are the aspirations of Chile and Australia regarding battery production?

How are the governments of Chile and Australia supporting the lithium industry?