Sociedad Quimica y Minera de Chile S.A. (SQM)

Sociedad Quimica y Minera de Chile S.A. (SQM) - KEXIM Covered Loan

Industry
Chemicals/Petrochemicals/Chemicals/Petrochemicals
Area of finance
Export & Agency Finance
Region
Latin America
Countries
Chile

Deal Overview

The Export-Import Bank of Korea will provide a loan to SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, to help ensure a stable supply of lithium for domestic battery and cathode material makers. The fund will be used to invest in SQM's development of lithium...

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The Export-Import Bank of Korea will provide a loan to SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, to help ensure a stable supply of lithium for domestic battery and cathode material makers. The fund will be used to invest in SQM's development of lithium mines in Australia and the renovation and expansion of production facilities. SQM, one of the world’s biggest lithium producers, should supply lithium worth about $470 million to South Korean companies for ten years.

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Deal Volume
$100m
Financial Close
15 December 2022
Sources
TXF article, Press release, Submitted by participant(s)

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