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Business

SQM is latest to expand LiOH

by Marc S. Reisch
October 3, 2016 | A version of this story appeared in Volume 94, Issue 39
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SQM plans to more than double lithium hydroxide capacity at its facility near Antofagasta, Chile, to 13,500 metric tons per year. The $30 million expansion, to be completed by the end of 2018, will help meet demand for electric vehicle batteries. SQM rivals FMC and Albemarle are also increasing lithium hydroxide capacity. In March, SQM said it will invest $25 million in an Argentine lithium carbonate joint venture.

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