UPDATE 1-Chile open to increasing SQM lithium quota to satisfy Tesla -Corfo [Reuters]
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UPDATE 1-Chile open to increasing SQM lithium quota to satisfy Tesla -Corfo | Reuters Reuters Staff 2 Min Read (Adds context on SQM and Corfo deal earlier in month, quote from Bitran) By Felipe Iturrieta SANTIAGO, Jan 29 (Reuters) - Chile is open to negotiating an additional quota of lithium for local miner SQM to meet potential demand from U.S. electric car-maker Tesla, Eduardo Bitran, head of Chilean development agency Corfo, told Reuters on Monday. Bitran said Tesla and SQM were “exploring” opportunities after Tesla expressed interest in buying “important volumes” of lithium hydroxide, a key ingredient in the batteries used in electric vehicles, from SQM. Neither SQM nor Tesla were immediately available for comment. The talks between SQM, one of the world’s top lithium producers, and Tesla, a leading electric-vehicle manufacturer, follow an agreement struck earlier this month between the miner and the Chilean government that will allow the company to increase its quota in the Salar
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