Friday, 20 September 2024

Focus on Sociedad Química y Minera de Chile

FILE PHOTO: A brine pool reflects clouds at a lithium mine in the Atacama salt flat, close to San Pedro de Atacama area, Antofagasta region, Chile May 4, 2023. REUTERS/Ivan Alvarado/File Photo
AnalysisClimateCritical MineralsEnvironmentMinerals

Lithium mining is slowly sinking Chile’s Atacama salt flat, study shows

Scientific study of satellite data shows Atacama salt flat sinking in areas heavily used for pumping by lithium miners.

FILE PHOTO: An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsMineralsNews

Chile’s SQM posts 63% profit slump, expects lithium prices to stay weak

SQM profits slide despite record-high sale volumes of lithium due to the battery metal's price dropping.

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