On July 1, Chile's state-owned copper giant Codelco announced that it had obtained approval for a lithium mining quota from the country's nuclear energy regulatory agency, CCHEN. This development cleared a key hurdle for its joint venture with mining company SQM to commence lithium production, and also marked the official entry of Chile's national forces into the lithium industry. According to the approval document, from 2031 to 2060, the joint venture can mine lithium resources equivalent to 2.5 million metric tons of lithium metal equivalent (LME). If environmental permits required for expanded production can be obtained subsequently, this quota is expected to increase to 3.02 million metric tons. Based on this calculation, over the 30-year period, the joint venture can produce and sell up to 330,000 metric tons of lithium carbonate equivalent (LCE) per year, significantly enhancing Chile's supply capability in the global lithium market.