SQM plans to raise $1.1 billion in new capital to support investments in expanding its lithium production in Chile and Australia. While the growth in demand for electric vehicle batteries is set to be significant, there has been a marked decline in lithium prices in 2020. Total Chilean lithium exports climbed 31.0% year over year in volume terms but dropped by 10.1% in dollar terms. The average achieved export price of $6,000 per ton in the three months to Oct. 31 was the lowest since mid-2016. SQM’s exports climbed 31.1% year over year in the three months to Oct. 31, driven by a 76.9% j...