SQM (Sociedad Química y Minera de Chile S.A.) reached a long-term agreement to supply lithium products to LG Energy Solution (LGES). As part of the agreement, which runs from 2021 to 2029, SQM will supply battery-grade lithium carbonate and lithium hydroxide for the production of high-quality cathode materials for EV battery cells. The contract considers a total of approximately 55,000 tonnes of lithium carbonate equivalent.
Inflation rate in Chile increased by 0.3% in December, rising to 3% for the year 2020, said the National Institute of Statistics (INE). In the last month of 2020, there was an increase in the prices of clothing and footwear by 3.7%, and of household equipment and maintenance by 0.8%, according to a report from the INE.
Appian Capital Advisory announces the final close of its second fund ("Fund II"). Fund II was oversubscribed and reached its hard cap of $775m following strong support from both new and existing Tier 1 investors globally. Fund II will invest on a global basis, targeting assets in jurisdictions with proven geology, supportive governments and a robust legal framework including Brazil, Australia, Mexico, Peru, Chile and Canada.
Tesoro Resources has reported drilling at its El Zorro gold project in Chile continues to expand the scale of the project and, in particular, the higher-grade zones. The latest assays from the Ternera prospect include 220m at 0.86 grams per tonne gold from 76m down hole, including three higher grade zones — 39m at 2.73g/t, 15.5m at 5.49g/t and 10.8m at 1.44g/t.
ver the past week, Chile has recorded the highest numbers of new daily cases of COVID-19 in the last six months, with more than 4,000 cases registered for the third consecutive day, bringing the total number of cases to 641,923, the Ministry of Health announced last Sunday.
The participation of women in senior positions in major companies in the country increased to 29% in 2020, according to the Gender Equity Index prepared by the non-profit organisation PROhumana. In the 2020 edition of the index, 12 major companies participated in the index, of which nine had also been in the 2019 version. In 2019, 21% of the total number of directors of the nine companies included that year were women, and in 2020 this percentage increased to 29% in those companies.