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SQM, Albemarle cap lithium price upside

Sky-high royalty rates, including a peak rate of 40% when lithium prices are up, will eat into the viability of Chile’s lithium industry, which has agreed to the terms of a new deal with the government of Chile to clear the way for a big expansion in production.

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Corfo's Eduardo Bitran (right) has negotiated a great deal for Chile, but Macquarie thinks it has capped the upside of SQM and Albemarle

Both SQM (US:SQM) and Albemarle (US:ALB), Chile's leading lithium producers, are reported to have agreed to the deal negotiated with Corfo, the government's development agency.

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