Revenue from Chilean lithium shipments jumped 18% in August versus July.
Brines are found in the middle of Chile’s Salar de Atacama and contain the world’s highest known concentrations of lithium and potassium.
A rebound in lithium exports from the No. 2 supplier Chile offers some relief for the nation’s two producers, SQM and Albemarle Corp., which have been hit by slumping prices. Revenue from Chilean lithium shipments jumped 18% in August versus July, according to data released Thursday by the central bank.That’s despite an acceleration in global price declines as economic weakness in China undermines sentiment for electric-vehicle demand.
While Chile’s exports in August are still a far cry from levels seen last year when the market tightened, they may help alleviate some investor concern and explain why SQM and Albermarle remain upbeat on demand projections.
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