Lithium miner SQM to raise $1.1bln to fund production expansion plan

By Dalila Ouerghi
Published: Monday, 25 January 2021

Chilean lithium producer Sociedad Quimica y Minera (SQM) shareholders have approved a plan to raise $1.1 billion through the sale of common stocks, the company said on Friday January 22 as part of its expansion plan across its product range, which includes lithium and other industrial chemicals.

The company is in "full expansion mode,"Stefan Debruyne, SMQ business development director in Europe, said at the Europe Advanced Automotive Battery Conference on Thursday January 21.

"We expect to reach production capacity [in Chile] of 120,000 metric tonnes of lithium carbonate and 21,500 metric tonnes of lithium hydroxide by...

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