SQM to Challenge Albemarle's Atacama Lithium Expansion

Resource Investing News

Diario Financiero reported (in Spanish) that SQM (NYSE:SQM) will seek to halt the expansion of Albemarle’s (NYSE:ALB) lithium operations in Chile’s Atacama region. Albemarle gained control of these assets when it acquired Rockwood Lithium in early 2015. Albemarle recently secured the permits needed to nearly double its lithium carbonate production in the region, but SQM …

Diario Financiero reported (in Spanish) that SQM (NYSE:SQM) will seek to halt the expansion of Albemarle’s (NYSE:ALB) lithium operations in Chile’s Atacama region. Albemarle gained control of these assets when it acquired Rockwood Lithium in early 2015.
Albemarle recently secured the permits needed to nearly double its lithium carbonate production in the region, but SQM wants those permits invalidated.
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