SQM Secures Long-term Lithium Deals with Hyundai and Kia
SQM (NYSE:SQM) announced that its subsidiary SQM Salar has entered into a long-term agreement to supply Hyundai Motor (KRX:005380) and Kia (KRX:000270) with lithium hydroxide. The partnerships with two of South Korea's leading electric vehicle (EV) manufacturers strengthens top lithium miner SQM's position as a major supplier to the rapidly growing EV industry. "We are incredibly proud to announce this supply agreement with HYUNDAI and KIA," said Carlos Diaz, CEO of SQM Salar, in a press release on Monday (June 17). "By providing these world-leading EV manufacturers with high-quality battery-g...