Issue Date: August 11, 2008
SQM Will Invest $1 Billion in Chile
Sociedad Química y Minera de Chile has announced a plan to invest $1 billion by 2010 to expand production of a number of basic chemicals there. In Salar de Atacama, the company will expand capacity for potassium chloride and potassium sulfate by a combined 250,000 metric tons per year. In Coya Sur it is expanding potassium nitrate capacity by 300,000 metric tons. SQM plans a 25% expansion of iodine and nitrates at its Nueva Victoria and Pampa Blanca plants. And it is set to complete a 10,000-metric-ton lithium carbonate expansion later this year.
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