Yellen Emphasizes U.S.-Chile Cooperation on Clean Energy Transition

The visit highlights the strategic role of Chile in the global supply chain for electric vehicles and green technologies.

U.S. Treasury Secretary Janet Yellen visited Albemarle's lithium production site in Chile, emphasizing the importance of U.S.-Chilean ties for energy security and climate goals.
Yellen highlighted the rising demand for clean energy, projecting $3 trillion in global investment opportunities through 2050.
The visit underscores the Biden administration's strategy to diversify U.S. supply chains and reduce dependence on China for critical minerals.
Chile, as a leading producer of copper and lithium, plays a crucial role in the supply chain for electric vehicles and green technologies.
Yellen's trip included meetings with Chilean officials and discussions on expanding trade and cooperation in clean energy initiatives.