Chile open to increasing SQM lithium quota to satisfy Tesla: Corfo 3:40pm EST [Reuters]
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Source: Reuters
Chile open to increasing SQM lithium quota to satisfy Tesla: Corfo | Reuters 2 Min Read SANTIAGO (Reuters) - Chile is open to negotiating an additional quota of lithium for local miner SQM SQM_pb.SN 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 de Atacama, one of the world’s richest lithium deposits. The agreement between the government and SQM, which ende
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