Tesla may invest in SQM | February 5, 2018 Issue - Vol. 96 Issue 6 | Chemical & Engineering News
Volume 96 Issue 6 | p. 14 | Concentrates
Issue Date: February 5, 2018

Tesla may invest in SQM

Department: Business
Keywords: Latin America, lithium, SQM
Tesla's Model 3.
Credit: Tesla
A photo of a Model 3 Tesla car.
Tesla's Model 3.
Credit: Tesla

A Tesla investment in Chilean lithium supplier SQM may be in the works. PotashCorp. put up for sale its 32% stake in SQM as a condition for merging with Agrium to form the fertilizer giant Nutrien. Now Corporación de Fomento de la Producción (Corfo), a Chilean government agency, is trying to spur discussions between Tesla and SQM. Corfo and SQM recently settled a long-standing dispute over royalties. Tesla’s investment could secure itself a source of lithium for the power storage and electric vehicle batteries it makes.

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