Loading…
SQM's CEO said the company will invest US$100mn in the Caucharí-Olaroz lithium joint venture in Argentina in 2017, with production targeted for 2019. SQM also plans US$30mn to double lithium hydroxide capacity in Chile.
Fourth-quarter net income rose to US$80.9mn, helped by higher lithium prices.
This is company investment in lithium with no direct effect on feed commodity supply or prices. Potassium chloride price weakness is mentioned only as a factor in SQM's results.
bnamericas.comMar 2, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
