Chilean copper giant in first lithium deal with $385m ASX takeover

Lithium Power International has sold itself to state-owned Corporacion Nacional del Cobre de Chile for $385 million, as the mineral-rich South American economy bulks up its critical minerals resources projects.

The board of the ASX-listed lithium explorer – with tenements in Chile’s abundant lithium triangle including its flagship Maricunga project – has green-lighted the takeover by Codelco.