Deals
Renaissance Technologies Increases Stake in Lithium Producer SQM
- Hedge fund owned 1.2 million ADRs in SQM as of Dec. 31
- JPMorgan said SQM sell-off an opportunity for investors to buy
Lithium ore.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Renaissance Technologies LLC boosted its stake in lithium giant Soc. Quimica & Minera de Chile SA before the Santiago-based company was cleared by the government to crank up output.
As of Dec. 31, the firm owned 1.2 million American depositary receipts in SQM, one of the world’s largest lithium producers, a regulatory filing showed. That compares with 901,300 ADRs three months earlier.