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12 Jun

Chile’s coffers hit by lower lithium prices

The Chilean government has been hit by an 87% decline in quarterly payments from SQM and Albemarle due to a drop in lithium prices, despite higher sales volumes. Corfo, Chile’s economic development agency, received $135 million for the lease of mining properties in the first quarter of 2024, down from $1 billion in the same period last year. SQM and Albemarle paid $94m and $41m respectively, Kallanish understands. However, sales volumes increased by 31% to …
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