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Chile lithium miner SQM reaches supply deal with Hyundai, Kia

By Thomson Reuters Jun 17, 2024 | 8:40 AM

SANTIAGO (Reuters) – Chilean lithium miner SQM said on Monday that it had reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key for the production of electric vehicle batteries.

Hyundai and Kia will “secure a portion of (their) future lithium hydroxide supple from SQM,” the miner said in a statement.

(Reporting by Fabian Cambero; Editing by Sarah Morland)