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home / news releases / chile firms up lithium nationalization strategy with

SQM - Chile Firms Up Lithium Nationalization Strategy with SQM Codelco Partnership

Sociedad Quimica y Minera S.A.

2024-06-04 12:25:00 ET

SQM (NYSE: SQM ) has entered into a partnership agreement with Codelco, Chile's stated-owned copper miner, through which the two will jointly exploit lithium and other products in the country's Salar de Atacama.

This joint venture is part of Chile's strategy to nationalize its lithium industry. Chile, which holds the world's largest lithium reserves and is a top producer of the battery metal, announced plans to nationalize its lithium industry in 2023.

Codelco will own the majority of the joint venture, as required by Chile's nationalization plans.

For further details see:

Chile Firms Up Lithium Nationalization Strategy with SQM, Codelco Partnership
Stock Information
Company Name: Sociedad Quimica y Minera S.A.
Stock Symbol: SQM
Market: NYSE
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