October 23, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Last Monday, Chilean President Gabriel Boric announced an agreement with Tsinghan Holding Group (Wenzhou, China) to invest $233 million in a plant with a capacity of 120,000 metric tons of lithium iron phosphate (LFP) per year for battery production in Mejillones, Antofagasta.