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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
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
Location of Chile. Chile is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south.
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]
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In December 2016, the company sold the Chemetall Surface Treatment business to BASF for $3.2 billion. [33] [34] [35] In January 2017, the company acquired the Jiangli New Materials Science and Technology Co. lithium business for $145 million. [36] In October 2019, the company formed a lithium joint venture with Mineral Resources. [37]