Chile approves mining tax reform to increase government revenue.
Chile's lower house of Congress has given final approval for a mining tax reform that requires large copper and lithium producers to pay more taxes and royalties to the government. The reform, which is expected to become law after the signature of President Gabriel Boric, will increase the government's take from mining companies and address past abuses. Chile is the world's top copper producer and No. 2 in lithium, both seen as key to making future fleets of electric vehicles powered by rechargeable batteries.