SQM, Codelco Joint Venture Plans Lithium Output Boost to 470,000 Tons Annual via $3B Overhaul

Chile's SQM and Codelco-backed joint venture Novandino announced today plans to boost lithium production capacity to 470,000 tons annually, a roughly 74% increase from this year's guidance of 270,000 tons. The expansion is backed by a $3 billion business restructuring initiative outlined in an environmental impact study, as the companies make a long-term bet on battery demand growth.
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