SQM shares fell 9.20%, to CH$23,100 ($29,4933) in the main indicator of the national market, the IPSA. This result comes after Tesla announced its new battery technology, making them more autonomous, cheaper and smaller. It will require less lithium, but will still take several years to run.
Acciona SA has started building the 238-MWp Malgarida I and II solar photovoltaic (PV) complex in Chile. The company is set to invest $170 million in what will be its seventh renewable energy project in Chile. Scheduled to commence operations by the end of 2021, the Malgarida complex will be capable of generating some 654 GWh of power annually, while avoiding the emission of 512.000 tonnes of carbon dioxide each year.
Chinese technology giant, Huawei, announced it will open a second data centre in Chile at the end of the year to support technological development and promote the South American country as a digital hub in Latin America. Huawei's new data centre will be located in the metropolitan region of capital Santiago and will be operational by the end of 2020.
Chile decided not to sign the Escazú Agreement, which guarantees the protection of environmental rights in Latin America, despite being one of its promoters together with Costa Rica. According to Foreign Minister Andrés Allamand, “The agreement exposes the country to the contingency of international demands for environmental reasons, which from our point of view, particularly considering the terms of this treaty, implies a serious impact on sovereignty in matters that are fundamental for development.”
Johnson & Johnson is beginning a huge final study to try to prove if a single-dose COVID-19 vaccine can protect against the virus. The study will be one of the world’s largest coronavirus vaccine studies so far, testing the shot in 60,000 volunteers in the U.S., South Africa, Argentina, Brazil, Chile, Colombia, Mexico and Peru.