SANTIAGO — Chile's environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could prove a major setback as the miner seeks to ramp up output of the coveted battery metal.
The Environmental Superintendent (SMA) also said it was planning a new "comprehensive management plan" for the Atacama salt flat in northern Chile where SQM and other companies mine lithium and copper. The flat supplies around one-quarter of the world's lithium, an ultralight metal that helps power electric vehicles and cell phone
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