SQM, the Chilean lithium giant, is exploring for copper with a US partner, a bid to diversify as lithium prices stay weak and copper demand climbs.
Markets · Energy
—The move. SQM, Chile’s lithium giant, is exploring for copper alongside a United States technology partner.
—The size. The partners will scan more than two thousand square kilometres of SQM land in northern Chile.
—The money. SQM is funding a three-year, nine-million-dollar exploration program to start.
—The prize. Success could lead to an equally owned joint venture, with SQM holding the option to run it.
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