$26.5m UKRI investment to tackle plastic waste in developing nations

UK Research and Innovation (UKRI) is investing $26.5 million for research into understanding the impacts of plastic pollution in developing countries. is supporting five projects that include partnerships with researchers across 11 countries: China, Chile, Egypt, Ecuador, India, Indonesia, Peru, Malawi, Sri Lanka, Tanzania and Vietnam. The research projects will draw upon: arts & humanities, economic & social, engineering, physical, environmental and life sciences, to find ways to mitigate the impacts of plastic pollution.

Chile’s SQM increases lithium sales by 56%

SQM said it continued to boost sales of lithium even as low prices battered profits, prompting the company to announce a further expansion by 2023. SQM said it had sold 17,700 tonnes of lithium in the third quarter, a 56% increase from the same period the previous year. SQM's net income plunged 97% year-on-year to $1.7 million in the quarter, dragged down by low prices and a one-time $62.5 million settlement fee in a class action lawsuit.

Joyvio injects $167m bond into Australis Seafoods

Joyvio Group, owned by Chinese computer giant Legend Holdings, has agreed to purchase a $167 million perpetual bond issued by its arm that acquired Chilean salmon farmer Australis Seafoods. The bond follows a cash injection last month that increased Joyvio's share in the firm from 16.2% to 46.1%. The bond and cash injection come amid heavy losses at Agri-Joyvio, which acquired Australis Seafoods for $922 million in 2019.