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Most of Chile's lithium reserves are in Salar de Atacama and Salar de Maricunga, [13] and all lithium extracted in Chile as of 2023 comes from Salar de Atacama. [15] The only two lithium-extracting companies currently operating in Chile, SQM and Albemarle, have licences to extract lithium until 2030 and 2043 respectively.
Stock. Price. Market Cap. Albemarle. $115. $13.509 billion. Sociedad Química y Minera de Chile. $45.43. $12.977 billion. Lithium Americas. $3.04. $660.197 million
Currently, just two companies - domestic producer SQM and U.S. firm Albemarle - extract lithium from Chile's salt flats. Boric's plan envisions expanding mining with public-private partnerships ...
Sociedad Química y Minera de Chile (SQM) is a Chilean chemical company and a supplier of plant nutrients, iodine, lithium and industrial chemicals. It is the world's biggest lithium producer. It is the world's biggest lithium producer.
All lithium extracted in Chile as of 2023 comes from Salar de Atacama. [19] The only two lithium-extracting companies currently operating in Chile, SQM and Albemarle, have licenses to extract lithium until 2030 and 2043 respectively. [19] [20] In April 2023, the Chilean government announced plans for nationalizing its lithium industry. [21]
Recent estimates from McKinsey suggest a global demand of around 3 million metric tons of lithium carbonate equivalent (LCE) in 2030. In contrast, the total global LCE output for 2021 amounted to
Chile is today one of South America's most stable and prosperous nations. [1] It leads Latin American nations in rankings of human development, competitiveness, income per capita, globalization, state of peace, economic freedom, and low perception of corruption. [2]
Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would ...