Governance changes at Chile lithium producer SQM, which give shareholder Potash Corp of Saskatchewan greater influence, do not reflect any intent by Potash to raise its stake, Potash Corp’s CEO said on Thursday.
Three top shareholders in SQM have agreed to change the way board decisions are made at the global supplier of lithium, a move that will see controlling shareholder Julio Ponce cede some power and Canada’s Potash Corp gain more say.
