Chile · Integrated · Operating · NYSE:SQM
World's lowest-cost lithium brine producer. JV with Codelco for state participation under negotiation.
Chile — World's lowest-cost lithium, but new constitution and state-participation model under negotiation. Water-rights regulatory tightening.
Dirección General de Aguas issued findings on brine extraction reporting. SQM committed to 18-month remediation. Buyers with ESG-indexed contracts likely to see clauses triggered Q3-2026.
Final IRS guidance under IRC §30D(d)(7) confirms lithium converted in China is FEOC-tainted regardless of mining origin. Triggered automatic price spread between IRA-qualified and global indices, currently $1,800/t.
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