SQM Surges as Ponce Board Exit Opens Way for Potash Return
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Soc. Quimica & Minera de Chile SA shares rose the most in two months after controller Julio Ponce opted to step down as chairman, clearing the way for Potash Corp. of Saskatchewan Inc. to resume its presence on the board.
SQM’s B-series shares jumped 8.5 percent to 13,400 pesos at 10:36 a.m. in Santiago, the most since Feb. 27. Chile’s IPSA benchmark index increased 0.4 percent.