Chile open to increasing SQM lithium quota to satisfy Tesla: Corfo

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SANTIAGO (Reuters) – Chile is open to negotiating an additional quota of lithium for local miner SQM SQM_pb.SN to meet potential additional demand from U.S. electric car-maker Tesla, Eduardo Bitran, head of Chilean development agency Corfo, told Reuters on Monday.

Bitran said Tesla and SQM were “exploring” opportunities after Tesla expressed interest in buying “important volumes” of lithium hydroxide, a key ingredient in the batteries used in electric vehicles, from SQM.

Reporting by Felipe Iturrieta, writing by Dave SherwoodEditing by Chizu Nomiyama

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