Chile’s SQM To Open Plant In Brazil, Mulls Entering India

by Dave

 Dow Jones

Sociedad Quimica y Minera de Chile SA (SQM, SQM-B.SN), one of the globe’s leading fertilizer and specialty chemical producers, will expand into Brazil and is evaluating setting up shop in India, the company’s chief executive was quoted as saying Friday by daily newspaper El Mercurio.

SQM, which is the global leader in iodine and lithium production, expects to initially open up a 40,000 metric ton per year fertilizer plant in Brazil and eventually expand capacity, SQM CEO Patricio Contesse told the paper, without providing a timeline.

As the global population inexorably rises so does the appetite for products SQM provides, such as specialty fertilizers used in agriculture or lithium, a key component of technology like laptop computers, mobile phones and electric car batteries.

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