SQM enters long-term lithium supply deal with Hyundai and Kia

SQM, the world's second-largest lithium producer, announced a long-term lithium supply agreement with Hyundai and Kia. Prior to this, SQM had already reached supply agreements with Ford Motor and LG Energy. Although SQM did not disclose the financial details of the transaction with the Korean automaker, it said it would continue to expand its lithium hydroxide production capacity.