off-the-wire

Chile's Codelco secures lithium quota needed for SQM partnership, company says

Kitco Media
By Reuters
Published:
Updated:
Reuters
Chile's Codelco secures lithium quota needed for SQM partnership, company says teaser image
SANTIAGO, July 1 (Reuters) - Chile's state-run copper producer Codelco said on Tuesday that it received regulatory approval for a lithium extraction quota that is key to its planned joint venture with Chilean lithium miner SQM.
Chile's nuclear energy regulator CCHEN approved an initial extraction of 2.5 million metric tons of lithium metal equivalent (LME) per year from 2031 to 2060, Codelco said.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.