Author: Arushi Pandey

Codelco and SQM Partnership on Track Despite Tianqi Challenge A plan to start a partnership between Chilean state miner Codelco and the world’s second-largest lithium producer SQM is set for next year. This is according to Codelco chairman Maximo Pacheco, despite a possible challenge from major SQM shareholder, China’s Tianqi. Partnership Details and Future Prospects Codelco and SQM recently finalised terms allowing SQM to boost production until 2060 in Chile’s valuable Atacama salt flat. This deal gives Codelco a majority stake in SQM’s operations. The collaboration will position the state prominently in the development of lithium, a crucial metal for…