CHILE NUCLEAR WATCHDOG WEIGHS PROBE INTO FRAUD OVER LITHIUM EXPORTS – DOCUMENTS

On 15th January, Reuters reported that Chile’s nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium that is used in electric cars, mobile phones and many other consumer goods.  Chile is now the world’s number 2 producer of lithium.  Reuters says that, for years, lithium was a little-known metal supplying a niche industry.  Its use in sensitive nuclear applications is now limited, but the advent of cell phones and electric vehicles powered by lithium-ion batteries has sent demand sky-rocketing.

https://www.reuters.com/article/us-chile-lithium-exclusive/exclusive-chile-nuclear-watchdog-weighs-probe-into-fraud-over-lithium-exports-documents-idUSKCN1P91YG

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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