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Dave Sherwood

UPDATE 1-Chile copper, lithium export revenue drops in February -central bank

Mar 07 2019

(Updates with new focus on copper and lithium figures and context on February rains) By Dave Sherwood March 7 Chile's copper export revenue in February dropped nearly 19 percent from the same month the previous year to $2.59 billion, the country's central bank said on Thursday. Lithium exports also fell during the same period to $60 million in February, down from $76 million the previous year. Unusually heavy rains and flooding in the Atacama desert in February docked production at many of the country's top copper and lithium mines. Total exports from world top copper producer Chile fell 12.2 percent to $5.55 billion in the second month of the year, while imports increased slightly to $5.27 billion, leaving a trade gap of $276 million. February January February 2019 2019 2018 Trade balance $276 mln $1.031 bln $1.255 bln Exports (billions of $5.546 $6.671 $6.323 dollars) Imports (billions of $5.270 $5.639 $5.068 dollars) Copper export revenue $2.586 $2.542 $3.177 (billions of dollars) (Reporting by Dave Sherwood, additional reporting by Aislinn Laing; Editing by Jeffrey Benkoe and Bill Trott)

RPT-INSIGHT-Codelco’s lithium push fades in favor of copper

Mar 05 2019

SANTIAGO, March 5 With the global race to secure lithium heating up in 2016, Chile's president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world's lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet.

Codelco's lithium push fades in favor of copper

Mar 05 2019

SANTIAGO With the global race to secure lithium heating up in 2016, Chile's president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world's lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet.

Chile strikes deal with lithium miner Albemarle in contract dispute

Jan 24 2019

SANTIAGO Chile state development agency Corfo said on Thursday it had reached a deal with the world's top lithium miner, Albemarle Corp, to resolve a contract dispute and would not file a previously threatened arbitration lawsuit against the U.S-based producer.

UPDATE 2-Chile strikes deal with lithium miner Albemarle in contract dispute

Jan 24 2019

SANTIAGO, Jan 24 Chile state development agency Corfo said on Thursday it had reached a deal with the world's top lithium miner, Albemarle Corp, to resolve a contract dispute and would not file a previously threatened arbitration lawsuit against the U.S-based producer.

Chile lithium miner SQM moves to safeguard secrets from China's Tianqi

Jan 24 2019

Santiago, Jan 24 Chile's SQM late on Wednesday told Chilean regulators that it had taken measures to safeguard its corporate secrets just weeks after top competitor Tianqi purchased a coveted quarter stake in the top lithium miner.

Chile says France decision not to extradite leftist rebel 'incomprehensible'

Jan 23 2019

PARIS/SANTIAGO A French court on Wednesday refused an appeal by Chile to extradite a longtime fugitive leftist guerilla who had escaped prison after being convicted for killing an ally of ex-dictator Augusto Pinochet, spurring an immediate rebuke from Chile.

Exclusive: Chile nuclear watchdog weighs probe into fraud over lithium exports - documents

Jan 15 2019

SANTIAGO Chile's nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium, documents obtained by Reuters show.

EXPLAINER-SQM and Chile reach lithium deal, but Atacama water woes continue

Jan 09 2019

SANTIAGO, Jan 9 Chile's environmental regulator this week approved a $25 million compliance plan by lithium miner SQM, ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat.

EXPLAINER-SQM and Chile reach lithium deal, but Atacama water woes continue

Jan 09 2019

SANTIAGO, Jan 9 Chile's environmental regulator this week approved a $25 million compliance plan by lithium miner SQM, ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat.

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