SQM Signals Codelco Lithium Deal Safe From Chilean Election Risk
Brine pools at a SQM lithium mine on the Atacama salt flat in the Atacama Desert, Chile.
Photographer: Cristobal Olivares/BloombergChile’s SQM says a lithium tie-up with state-owned Codelco is on track to be finalized well before the country’s next government takes power, easing concerns that the landmark deal could be upended.
“We foresee full approval of the transaction in the next two months,” Ricardo Ramos, chief executive officer of the world’s top lithium producer by market value, told analysts on an earnings call Wednesday.