Chile's Codelco will partner with global mining giant Rio Tinto for its new Maricunga lithium project, the state miner said on Monday, bringing a major new player into the sector in the world's second-largest producer of the EV battery metal.

Anglo-Australian miner doubles down on critical mineral buying almost 50 per cent stake in partnership with Codelco

The company will invest in the Salar de Maricunga project as it focuses on reducing its dependence on iron ore.