Chile’s SQM suspends operations at lithium salt flats due to blockades By Reuters

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© Reuters. SUBMIT PICTURE: A bird’s-eye view reveals the salt water swimming pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. Photo taken January 10, 2013. REUTERS/Ivan Alvarado/File Picture

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SANTIAGO (Reuters) – Chile’s SQM, the world’s second-largest lithium manufacturer, stated it has actually suspended operations at the Atacama salt flat in Chile due to roadway blockades.

” Considering that we do not understand for how long the roadway blockade will continue, it is not possible for us to approximate the monetary effect of the interruption,” the business stated in a declaration dated Saturday.

Native groups for days obstructed public roadways that result in mining operations in the south of the salt flat, the world’s biggest lithium deposit, where SQM and U.S. company Albemarle (NYSE:-RRB- extract the metal, avoiding employees, products and lithium from going into or leaving.

The Atacama Indigenous Council, nevertheless, on Saturday stated that protesters would end the profession after the mining ministry guaranteed that President Gabriel Boric would concern the location. It was not instantly clear if protesters stayed in the location on Sunday.

The presentations were stimulated by a contract signed last month in between SQM and state-run company Codelco that native leaders stated sidelined regional neighborhoods regardless of a current federal government guarantee of a discussion to go over lithium mining in the Atacama.

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