# SQM to invest US$100mn in Argentina JV in 2017 - BNamericas

> 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.

- Date: 2017-03-02 · published 2017-03-02T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/72322-sqm-to-invest-us-100mn-in-argentina-jv-in-2017-bnamericas
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/sqm-to-invest-us100mn-in-argentina-jv-in-2017

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.