SQM will benefit from capacity expansions at its attractive low-cost lithium assets.
On Aug. 13, SQM announced an agreement to sell its entire 50% stake in the Minera Exar joint venture to Ganfeng lithium. Minera Exar is currently a joint venture between SQM and Lithium Americas and owns the Cauchari-Olaroz lithium brine project in Argentina. SQM, which has invested roughly $50 million in the development of the project, will receive $87.5 million when the deal closes, and another $50 million when the project begins production. We expect the deal to close by the end of the year....
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