SQM Mining News

SQM's lithium sales volumes drop 27% after production delay

SQM said the previously announced delays were partly offset by high prices and 25% growth in demand in 2018 on sales to producers of electric vehicles.

A beautiful mine

While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada’s Clayton Valley is taking shape.

Albemarle's claim to unique lithium technology draws scrutiny

Albemarle says it expects to ultimately receive approval to produce more lithium from Chilean Nuclear Energy Commission (CCHEN).

Chile’s court rejects lawsuit to block Nutrien’s sale of stake in SQM to Tianqi

While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile’s TDLC antitrust court.

Nutrien says SQM top shareholder seeking to block Tianqi deal for ‘personal benefit’

Nutrien’s executive vice-president Michael Webb, described Julio Ponce, the Chilean miner’s top shareholder and former chairman, as a “hypocrite” and urged him to “look beyond himself."

What's next as Tianqi, SQM face off in Chile court

On Oct. 11, Chile's Constitutional Court put the brakes on a $4 billion deal allowing the sale of A 24 percent stake in SQM to China's Tianqi Lithium Corp.

Chilean court suspends sale to Tianqi of stake in lithium miner SQM

The Constitutional Court said it would hear arguments in the case on Oct. 22.

Chile’s court ruling allows Tianqi to buy stake in lithium miner SQM

The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .

Ruling leaves Kidman, SQM’s Australian lithium project in limbo

Partners may lose their right to develop the Mt Holland lithium project after a recommendation by a unit of the West Australian government that regulates mining leases.

Chile says to clamp down on water rights in lithium-rich Salar de Atacama

Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM.

Lithium price: Chile giant’s scorched earth strategy

Playbook follows success in the iodine market

China's Ganfeng grabs SQM's stake in Argentinean lithium project

The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.

Battery boom skeptics seen driving short holdings in lithium miners

Short selling of shares in lithium miners SQM, Albemarle, Galaxy and Orocobre has ballooned this year, reflecting a sign of growing scepticism.

Part-owner of Chile lithium producer SQM sells $275M bond

The bond had an annual interest rate of 4.5 per cent and a duration of 15 years, Calichera said in a note to the market regulator.

CEO of Chilean lithium miner SQM resigns

Chilean lithium miner SQM on Wednesday night announced the resignation of its chief executive Patricio de Solminihac.

C-suite moves rock lithium as industry expands in battery boom

Unexpected leadership changes within a day at the world’s two largest lithium producers underscore concerns over a lack of executive experience in the industry amid a nascent boom for the battery metal.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

Australia takes over Chile as world’s No.1 lithium producer

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Chile's SQM hires ex-chairman Ponce as adviser, government says

SQM has retained former chairman Julio Ponce as an adviser despite an agreement to distance himself from the firm to end a long-running royalties dispute.

Shares in lithium giant fall on disappointing auction

Chilean lithium producer SQM shares punished after $1 billion of shares auctioned below ruling price.

In lithium hot spot, ghost towns recall another boom gone bust

While lithium today isn’t the linchpin of Chile’s economy (that would be copper), miners are aggressively expanding production.

Lithium price: Massive supply response gets underway

SQM, world no 3 lithium miner, plans to nearly quadruple capacity in fewer than three years – to the equivalent of 84% of global output last year.

Chile's SQM says will boost lithium capacity by 2021

Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.

China tightens grip on global battery metals with Chile deal

Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.