In 2021, exercising the power granted by article 6 of the Supreme Decree Nº 014-92-EM, the Peruvian Congress passed Law 31.283 to declare the exploration, exploitation and industrialisation of lithium and its derivatives in the national territory as public necessity and national interest activities. This declaration aims to guarantee the sustainable development of lithium in the country.
In addition, the law establishes that the commercialisation of lithium and its derivatives constitutes a strategic resource for the development of the country.
Finally, according to this law, the executive power must issue a regulation covering lithium commercialisation. This regulation shall also ensure the development of the national battery industry and a process for recycling lithium batteries.