Booming lithium revenues prompt SQM to boost capacity

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...

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