SQM Tumbles on Reports Chile Threatens to Revoke Land Concession
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Soc. Quimica & Minera de Chile SA slumped to a six-year low on reports that a Chilean government agency would seek to repeal mining leases.
SQM lost 14 percent to 10,342 pesos at the close in Santiago, the steepest drop since March 18 and its lowest value since October 2008. Its holding companies also plunged as Chile’s Ipsa index fell 0.9 percent.