Goldman Sachs also said it did not expect an immediate supply shock.

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13.

The Swiss company’s plan already has approval in a 2022 government decision and the backing of independent research groups.

Beyond politics, the takeover must still pass a review by the Committee on Foreign Investment in the United States.

Industry sources said they did not expect much impact, noting that portside stocks are at high levels.

It’s the latest twist in tensions between SQM and its Chinese shareholder after representatives of the two companies questioned each other’s real motivations.

The focus will be on technologies in the fields of safe mine operations, decarbonisation, exploration processing and automation.

Both teammates worked on the company’s technical services team.