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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.
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.
The majority owner, Tianqi Lithium Corporation, is based in Chengdu, China, and is listed on the Shanghai stock exchange. As of 2018, the company controls more than 46% of the world's global production of lithium. [3] Tianqi Lithium Corporation is the second largest lithium company in the world by revenue and the largest in China. [11]
The protest underscored a serious challenge to a plan by Chile, the No. 2 lithium producer, to impose more state control over the metal needed for batteries used to power the world's growing ...
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 ...
SANTIAGO (Reuters) -A protest by several hundred people in northern Chile on Wednesday blocked access to the Atacama salt flat, the world's largest lithium deposit, where domestic producer SQM and ...
So they were acting on behalf of the politicians, without the politicians being involved directly. As to whether those funds bought any favors from the politicians for SQM, so far that has only been demonstrated in the case of Pablo Wagner, who was a former mining minister. New charges (August 2015) brought against certain defendants now ...
SQM , the world's No. 2 lithium producer, cut a deal with Chile in 2018 that allowed it to ramp up output from the Atacama, a remote and fragile desert salt flat whose indigenous inhabitants fear ...