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Banchile auctions 1.5m shares in Chile's SQM, raises $76m

21st April 2018

By: Reuters

  

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SANTIAGO – Brokerage firm Banchile on Friday auctioned 1.5-million series-A shares in Chile lithium miner SQM at a sale price of 30 000 pesos ($50.36) per share, raising a total of $76-million.

SQM, which operates primarily in Chile's Salar de Atacama, is one of the world's largest and most cost-efficient producers of lithium.

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Edited by Creamer Media Reporter

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