Commodities
Chile’s SQM Seeks Lithium Partner to Finance International Expansion
- SQM wants to grow abroad before giving up control in Chile
- Strategic investor seen as better option than tapping markets
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SQM is seeking a partner for its international operations as the world’s second-biggest lithium supplier looks to step up its presence outside of home-base Chile, according to people familiar with the matter.
The Santiago-based firm is offering a minority stake in its recently formed international lithium division as a way of financing investments, mainly in Australia, the people said, asking not to be named as talks are private.