Economic slowdowns during the coronavirus pandemic have ravaged demand of lithium in top markets like China.Quarterly lithium revenues plunged 57.4%, battered by continued low prices, the company said.SQM reported quarterly earnings fell to $80.5 million from $113.8 million during the same period the previous year.State development agency Corfo struck deals with top miners SQM and Albemarle in previous years that set a sliding scale for royalties, depending on the price of the metal.Tianqi's $4.1 billion purchase of a 23.77 percent stake in SQM, which mines lithium used in electric vehicle batteries, went through in December, but the Chinese firm has faced push back from Pampa Group and its head Julio Ponce Lerou.In exchange, the agreement included a clause obligating the company to sell lithium at a reduced price to firms that use it to produce cathode or other battery components within Chile. (REUTERS) Chanchal Pal Chauhan reports.We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Copyright © 2020 ETAuto.com. SQM (SQM +0.3%) shares wobble between moderate gains and losses after reporting mixed Q2 results, while lithium production levels reached record … SQM’s representatives told Fastmarkets the company is taking steps to improve the sustainability of its operations in Chile. 2 producer of battery metal lithium, is seeking to expand the production capacity of its Chile operations to meet an expected …
Neighbors from San Pedro de Atacama Create Community Bakery in Response to Pandemic. Neighbors in Salar de Atacama Fight COVID-19 with Local Strategy.
In the Salar de Atacama Desert, SQM produces potassium chloride and lithium chloride; the latter is refined into battery-grade lithium compounds at SQM´s chemical plant near Antofagasta port, in northern Chile. SQM last week lost a key legal battle, forcing it back to the drawing board on an environmental compliance plan to make amends for over-pumping lithium-rich brine from the Atacama …
Experts visit SQM's solar salt plant in the Atacama Desert April 17, 2019 Frank Dinter, CSET director, and Solar Power Concentration project developer Michael Geyer visited the largest salt reserves with potential for use in these systems. SQM Workers to Support More than 13 Thousand People Through Soup Kitchen Fund All Rights Reserved. SQM presenta su desempeño a través de nueva versión del Reporte de Sustentabilidad. SQM, the world's No.
The answer looks affirmative. This would leave the premium superbike market for the major European ones like Triumph, BMW, Ducati and Japanese rivals like Honda, Kawasaki, and Suzuki. "No additional water or brine will be used for future expansions of lithium," Alejandro Bucher, SQM's VP of environment, technology and community tells the Bucher says SQM plans to extract more lithium from the same amount of pumped brine by using brine earmarked to make potash fertilizer and using lower-grade wells.Chile, the world's second largest producer of lithium, can raise its output through such methods to 300K metric tons of lithium carbonate-equivalent from its current capacity of just over 100K mt, Bucher says.The company's expansion plan risks damaging the delicate balance between freshwater and brine water resources in the Atacama, opponents say. SQM (SQM +1.3%) is seeking to ramp up lithium production despite environmental concerns, and says Chile could more than triple its lithium output by improving the efficiency of … SQM Present in the communities Our operations are located in northern Chile in the Tarapacá and Antofagasta regions, which feature a predominately dry desert climate. An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile. How will the luxury bike market and overall auto market pan out in a complete absence of American players?
After the unceremonious exit of General Motors and Ford Motors’ complete sellout to Mahindra & Mahindra, the solitary American two-wheeler offering; Harley-Davidson is stopping production and scaling down operations to imported bikes only. The Atacama Indigenous Council (CPA) in 2019 filed a lawsuit demanding regulators scrap a $25 million remediation plan developed by SQM after officials charged the miner with over-pumping lithium-rich brine from the salt flat.In the passenger vehicle segment, the automaker saw an uptick of 21.3 percent at 113,033 units as against 93,173 units in August 2019.Is the American motoring dream in India coming to an abrupt and complete end?