Booming lithium revenues prompt SQM to boost capacity
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Published: Friday, 19 May 2017
The Chilean miner raised its demand forecasts for the lithium, used in electric car batteries, and announces a plan to rapidly grow production
Chilean miner SQM announced a plan to rapidly expand its
lithium production capacity next year, in response to booming
demand, and rapidly rising revenues from sales of the key
battery ingredient.
SQM chief executive Patricio de Solminihac noted "stronger
lithium demand growth than we previously expected," prompting
the company to upgrade to...