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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. [2] SQM's natural resources and its main production facilities are located in the Atacama Desert in Tarapacá and Antofagasta regions.
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]
Most of Chile's lithium reserves are in Salar de Atacama and Salar de Maricunga, [14] and all lithium extracted in Chile as of 2023 comes from Salar de Atacama. [16] The only two lithium-extracting companies currently operating in Chile, SQM and Albemarle, have licences to extract lithium until 2030 and 2043 respectively.
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 ...
Overall, Australia, Chile and China produce 90% of lithium production in the world. Argentina is the fourth largest lithium producing country with 5.6% market share and Brazil ranks 5th with 1.4% ...
One of the world’s largest lithium producers. Global presence. Cons. Company’s strength in lithium market could be offset by weaker bromine and catalysts markets. 2. Sociedad Química y Minera ...
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.
Chile's millennial president, Gabriel Boric, promised to mine differently. When Boric announced his ambitious plan in April to take state control over the country's lithium industry and expand ...