Market Chatter: SQM in Talks With Indian Firms to Sell Stakes in 2 Australian Lithium Projects $600 Million

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Market Chatter: SQM in Talks With Indian Firms to Sell Stakes in 2 Australian Lithium Projects $600 Million

, MT Newswires - 6:22 AM ET 3/28/2025 mergers-and-acquisitions

06:22 AM EDT, 03/28/2025 (MT Newswires) -- Sociedad Quimica y Minera de Chile ( SQM ) is in talks with four Indian state firms seeking to buy a 20% stake in its two lithium projects in Australia for $600 million, Reuters reported Friday, citing four sources.

Khanij Bidesh India has teamed up with Coal India, Oil India, and ONGC Videsh to acquire the interest in SQM's Mount Holland and Andover projects in Western Australia, according to the report.

SQM, Khanij Bidesh, Coal India, Oil India, and ONGC Videsh did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.