SQM venture arm invests $9.4 mln in UK EV battery recycling firm Altilium [Reuters]
Sociedad Quimica y Minera S.A. (SQM)
Last sociedad quimica y minera s.a. earnings: 3/2 09:13 pm
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Source: Reuters
The corporate venture arm of Sociedad Quimica y Minera de Chile's (SQM) (SQMA.SN) , opens new tab lithium business provided most of the $12 million Series A funding round for Altilium, following a $2.6 million investment by SQM, the world's second-largest lithium producer, in the startup last year. "The investment in Altilium allows SQM to get ahead of the global recycling curve," David Rousselle, SQM's engineering manager and a member of Altilium's board, said in a statement. The rise in EVs has brought with it a race to recycle the valuable minerals in their batteries - primarily lithium, cobalt and nickel - which can be worth thousands of euros per car, and counter China's dominance of this field. Altilium is one of a number of firms gearing up its recycling business in Europe, where today most EV batteries are shredded into 'black mass' that is shipped to China for processing. The latest funding will help Altilium open a plant in England in 2024 to process cathode materia
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SQM
News
- Sociedad Química y Minera de Chile S.A. (NYSE: SQM) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $54.50 to $46.50. They now have a "neutral" rating on the stock.MarketBeat
- Sociedad Química y Minera de Chile S.A. (NYSE: SQM) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $48.00 to $42.00. They now have a "hold" rating on the stock.MarketBeat
- Sociedad Química y Minera de Chile S.A. (NYSE: SQM) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $62.80 price target on the stock, up previously from $52.00.MarketBeat
- ALTILIUM AND TALGA ANNOUNCE PARTNERSHIP FOR RECOVERY OF GRAPHITE FROM WASTE EV BATTERIES FOR REUSE IN GREEN ANODE PRODUCTION [Yahoo! Finance]Yahoo! Finance
- North America Micronutrient Fertilizer Market Poised for Growth with a Projected CAGR of 6.21% from 2024 to 2030 [Yahoo! Finance]Yahoo! Finance
SQM
Earnings
- 2/28/24 - Miss
SQM
Sec Filings
- 5/2/24 - Form 6-K
- 4/30/24 - Form 6-K
- 4/30/24 - Form 20-F
- SQM's page on the SEC website