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Chile's state-owned Codelco, the world's leading copper producer, and private miner SQM, which features Chinese capital, announced Saturday the creation of a giant company to exploit lithium, a lightweight metal used in batteries for electric vehicles. The Chinese firm Tianqi holds a 22 percent stake in SQM. The new company "will carry out lithium exploration, extraction, production, and commercialization activities in the Atacama salt flat until 2060," Codelco said in a statement....
Chile's state-owned Codelco, the world's leading copper producer, and private miner SQM, which features Chinese capital, announced on Saturday the creation of a giant company to exploit lithium, a lightweight metal used in batteries for electric vehicles.
The South American country is the world's second-largest producer of lithium, a key component of EVs (electric vehicles) and other clean technologies, and has about 40 per cent of the world's lithium reserves.
The partnership between the firms......
The giant lithium producer SQM has became the third Chilean company to sell hybrid notes in the local market in the past four months, as companies look to finance multi-billion investments without damaging their credit score....
SQM steigert Gewinn und Absatz deutlich. Steigende Lithiumpreise, globale Nachfrage und sinkende Lagerbestände treiben den Markt. Doch Versorgungsrisiken könnten den Trend schon bald weiter verschärfen....
Albemarle Corp. had an incident at its lithium- processing plant in Chile last week, which is the subject of an investigation, said people with knowledge of the matter....