Chemical & Mining Co. (SQM -1.6%) of Chile loses its 20-year concession to produce lithium...

|About: Chemical & Mining Co. of Ch... (SQM)|By:, SA News Editor

Chemical & Mining Co. (SQM -1.6%) of Chile loses its 20-year concession to produce lithium awarded recently through a public tender from the Chilean government, which invalidated the tender process after accepting a claim from a competitor that SQM didn't follow the rules.