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