SQM mining company approves million-dollar investment to exploit lithium in Australia

Chile's SQM approved a million-dollar investment to exploit lithium in Australia. The company's investment in the project between 2021 and 2025 is expected to reach $700 million. In a document sent to the CMF, SQM states that a feasibility study confirms an initial project production capacity of 50,000 metric tonnes of battery-grade lithium hydroxide.

Blueberry export volumes decreased in week 5

According to the latest Crop Report of the Chilean Blueberry Committee-ASOEX, export volumes decreased during week 5 of 2021. Export volumes reached 5,996 tons. The reason for the decrease is due to the rain in week 4. However, the report highlights that shipments in week 5 were higher than in the same period in 2020, and that the accumulated export volume is 4.9% higher than in the 2019/20 campaign. North America has received 51% of the volume exported, Europe 31% and the Far East 11%.

Chilean grape forecast down a quarter

According to Vanguard, the total Chilean export forecast has been reduced by around a quarter following heavy and unseasonal rains. Expectations are now for exports of 65 million boxes with mid-season varieties most heavily damaged. As of Febuary 1st, Chile has shipped 4.7m boxes of table grapes, down 39% from last season. The development comes during the first season in years in which Chile was expecting a year-on-year increase in its total grape crop.