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Codelco Chairman Maximo Pacheco affirmed on Thursday his prediction that Chile's state-owned copper giant will reach an agreement with lithium miner SQM this year. Codelco, the world's... -December 14, 2023 at 12:12 pm EST - MarketScreener
The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM and Albemarle as it seeks to boost state control. Chile's government under President Gabriel Boric this year announced plans to only allow public-private partnerships for lithium contracts, and appointed state run copper producer Codelco to negotiate with SQM and Albemarle, the only producers in Chile of the light metal used for electric car batteries. Codelco expects to reach a deal with SQM by the...
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Financing probably will take the form of a convertible bond in the coming weeks with the participation of German chemicals giant BASF SE, said CEO Henk van Alphen.
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