An announcement by SQM, Santiago, that it plans to spend some $1.3 billion in investments through 2024, includes a nitrate capacity expansion of some 250,000 mt/y. Other capacities to be expanded include lithium, iodine and solar salt.
In other news, SQM reported third-quarter net income of only $1.7 million citing a $62.5 million class action settlement booked in the quarter.