Chile's SQM expects 25% lithium demand growth in 2025
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A truck loads concentrated brine at SQM lithium mine at the Atacama salt flat, in Antofagasta region, Chile, May 3, 2023. REUTERS/Ivan Alvarado
SANTIAGO (Reuters) -Executives from Chilean lithium producer SQM on Wednesday said they expect lithium demand this year to reach over 1.5 million metric tons, representing 25% growth from 2024.
In addition, CEO Ricardo Ramos said the company expects a planned lithium joint venture with Chile's state-run Codelco to receive its final approvals by year-end.
"We will close this year, that's for sure," he told a call with analysts.
(Reporting by Daina Beth Solomon; Editing by Brendan O'Boyle)
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