SQM lithium plant expansion approved by Chile government

|About: Sociedad Química y Minera d... (SQM)|By:, SA News Editor

Sociedad Quimica y Minera (NYSE:SQM) receives approval from Chile's environmental regulator approval to expand its lithium carbonate production plant, Reuters reports.

The $400M plant expansion would allow SQM to eventually produce as much as 180K mt/year of lithium carbonate from its Atacama salt flat operations in Chile.

SQM CEO Ricardo Ramos earlier this week said he expected the expansion, if approved, would come online “in the future” but did not specify a date.

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