Chile lithium miner SQM reaches supply deal with Hyundai, Kia By Reuters

Chile lithium miner SQM reaches supply deal with Hyundai, Kia By Reuters


© Reuters. A Hyundai Ioniq 5 electric vehicle is displayed next to a vertical smart farm at the Hyundai Motor Group Innovation Center Singapore (HMGICS) in Singapore June 14, 2024. REUTERS/Edgar Su

SANTIAGO (Reuters) – Chilean lithium miner SQM said on Monday that it had reached a long-term supply deal with Hyundai (OTC:) 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.





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