SQM - SQM pledges to cut water brine use at Atacama salt flat

SQM ([[SQM]] +2.3%) says it will cut its use of fresh water and lithium-rich brine from Chile's Atacama salt flat, as it pushes to reduce the overall impact of its operations.In its "Sustainable Development Plan," the company says it will voluntarily reduce its use of brine by 20% from November this year, with a goal of slashing it by 50% by 2030.SQM also commits to immediately cutting its use of continental freshwater from Atacama by nearly a third from 2019 levels, and pledges to produce carbon neutral lithium by 2030 as part of its larger $100M emissions reduction plan.The announcement comes two months after SQM lost a legal battle that forced it to start over in developing a plan to make amends for over-pumping brine from the environmentally sensitive Atacama, home to nearly 25% of the world's current lithium supply.

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SQM pledges to cut water, brine use at Atacama salt flat