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Chilean President Gabriel Boric Font Wednesday celebrated a new agreement between the state-owned National Copper Corporation (Codelco) and Sociedad Química y Minera (SQM) to create a public-private partnership to exploit the country's lithium, with the state as the main shareholder, it was reported in Santiago.
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Apple resumed sales of watches after an appeals court temporarily paused an International Trade Commission ban on the product, while Chilean lithium miner SQM jumped after it reached a deal to extend access to lithium-rich deposits in that country for three decades. Here’s what investors need to know today.
Yesterday, the company inked a memorandum of understanding with the National Copper Corporation of Chile (Codelco) to develop lithium in the Salar de Atacama…
Producers of metals and other raw materials fell, but remained near all-time highs, as the dollar recouped some of its recent losses. The dollar snapped a five-session losing streak, but...
SANTIAGO (AFP) – Chile’s state-owned Codelco mining company, the world’s top copper producer, on Wednesday announced an “unprecedented” alliance with private mining giant SQM, aiming to nearly double lithium extraction in the Atacama desert. The companies will partner from 2025 to 2060, working in the desert to extract 300,000 tonnes per year of lithium, used […]