SQM to raise capital through follow-on

SQM to raise capital through follow-on

Corporate & Sovereign Strategy Equity Project & Infrastructure Finance Andean Latin America Australia Chile

Chilean chemical company SQM said Wednesday that it plans to raise $1.1 billion from the a share sale to finance investment projects, including a new joint venture for lithium production in Australia to feed rising demand for electric cars. The company is seeking regulatory approval to sell 22.4 million shares, according to a document filed with the securities regulator CMF. SQM said it will use $1 billion of the proceeds for lithium investments in Australia and Chile and another $440 million fo

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