Other · Senior · Producer · Chile · Australia
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Portfolio Aggregate · 1 project
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
SQM Group Portfolio
Portfolio
Project information
As at 31 December 2025
Description
As at 31 December 2025
Sociedad Quimica y Minera de Chile S.A. (SQM) is a Chilean-listed multi-commodity producer (NYSE: SQM) of lithium and derivatives, iodine and derivatives, potassium chloride/sulfate, specialty plant nutrients (potassium nitrate) and industrial chemicals. SQM's mining operations are concentrated in Chile's First (Tarapacá), Second (Antofagasta) and Third regions plus the Mt. Holland project in Western Australia (50% JV with Wesfarmers). In May 2025 SQM signed a partnership agreement with Codelco for lithium development in the Salar de Atacama for the 2031-2060 period. Total 2025 strategic project capex: US$876m. Record lithium sales achieved in 2025; iodine sales exceeded 14,500 metric tons in 2025.
Portfolio Aggregate
Multiple effective dates
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Operating · 6 projects
Salar de Atacama
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
Salar de Atacama is SQM's flagship lithium brine extraction operation in Chile's Antofagasta Region (Province of El Loa, San Pedro de Atacama municipality). The Atacama salt flat covers ~820 km² and is leased from Chile's CORFO under a long-term agreement currently expiring in 2030 (with subsequent commercial framework under a 2025 partnership agreement with Codelco for the 2031-2060 period). Lithium is produced from in-situ brine within a porous halite aquifer through a network of pumping wells and evaporation ponds. The site also produces potassium chloride. SQM has filed Technical Report Summaries with the SEC for each material property. 2025 lithium carbonate production was 184.0 thousand metric tons; 2024: 179.5kt; 2023: 165.3kt. Average LoM process efficiency ~49% for lithium and ~76% for potassium. The Lithium Chemical Plant at Salar del Carmen near Antofagasta processes the concentrated brine; combined Li2CO3 capacity is 210ktpa and LiOH capacity is 40ktpa.
Mining metrics
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Mt. Holland / Earl Grey
Asset · Ownership 50%
Project information
As at 31 December 2025
Description
As at 31 December 2025
Mt. Holland is an integrated hard-rock lithium project located ~100 km south of Southern Cross, Western Australia. SQM holds a 50% interest through SQM Australia under a joint venture with Wesfarmers (originated with Kidman Resources, acquired by Wesfarmers; JV agreement dated December 21, 2017). The project consists of an open-pit mine and concentrator plant at Mount Holland with capacity of 383 ktpa of dry spodumene concentrate at 5.5% Li2O, and the Kwinana refinery (Lot 15, Mason Road, Kwinana) currently in commissioning with 50 ktpa LiOH capacity, plus non-production infrastructure. Spodumene concentrate production began in 2023; 2025 production was 329.6 thousand dry metric tons (2024: 232.4kt; 2023: 15.0kt). Kwinana achieved first production of lithium hydroxide in 2025 and is expected to complete ramp-up by 2027.
Mining metrics
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 31 December 2025
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María Elena
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
María Elena is a caliche operation in the El Toco area of Chile producing iodine and nitrate products. The operation began iodine production in the second half of 2025 with a nominal capacity of 1,600 metric tons of iodine per year; 40 metric tons of iodine were produced in December 2025. Nitrate salts from María Elena are harvested at Coya Sur for finished-product production.
Mining metrics
As at 31 December 2025 · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Nueva Victoria
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
Nueva Victoria is SQM's largest caliche operation in Chile's First Region (Tarapacá), located in the Tente en el Aire, Nueva Victoria Oeste, Hermosa and Torcaza mining areas. Iodine production capacity in Nueva Victoria was raised to ~10,000 metric tons per year following 2017 expansions. Total effective iodine capacity (combined with Pedro de Valdivia and María Elena facilities) is ~14,300 metric tons per year. Production includes prilled iodine, nitrate solutions and potassium nitrate (the Pedro de Valdivia volume of potassium nitrate is currently produced at Nueva Victoria).
Mining metrics
As at 31 December 2025 · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Pedro de Valdivia
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
Pedro de Valdivia is one of SQM's caliche operations in El Norte Grande region of northern Chile, producing iodine and nitrate products. Solutions and nitrate salts from this site are processed at the Coya Sur plant; iodine is finished at the Pedro de Valdivia plant.
Mining metrics
As at 31 December 2025 · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Pampa Blanca
Asset
Project information
As at 31 December 2025
Description
As at 31 December 2025
Pampa Blanca is a caliche mining area in Chile's Second Region (Antofagasta), part of SQM's iodine and nitrate operations. Proven reserves only; no Probable reserves declared for this deposit.
Mining metrics
As at 31 December 2025 · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Exploration · 1 project
Pampa Orcoma
Asset · Pre-feasibility
Project information
As at 31 December 2025
Description
As at 31 December 2025
Pampa Orcoma is a caliche deposit in northern Chile holding Probable Reserves only and Indicated Mineral Resources (excluding reserves), part of SQM's iodine and nitrate growth portfolio. No measured resources reported.
Mining metrics
As at 31 December 2025 · exclusive
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Reserves & resources — detail
As at 31 December 2025
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Processing facilities · 3 projects
Lithium Chemical Plant (Salar del Carmen)
Asset · Other
Project information
As at 31 December 2025
Description
As at 31 December 2025
The Lithium Chemical Plant near the city of Antofagasta (Salar del Carmen area) processes concentrated lithium brine from the Salar de Atacama into lithium carbonate and lithium hydroxide. Production capacity has been progressively expanded: lithium carbonate 48ktpa (2011), with current effective capacity of 210ktpa Li2CO3 (plans for 240ktpa by 2026); lithium hydroxide capacity 40ktpa following 2022 expansion. Lithium carbonate production began here in 1996; lithium hydroxide production started 2005.
Processing facilities
As at 31 December 2025
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Kwinana Lithium Hydroxide Refinery
Asset · Other · Construction · Ownership 50%
Project information
As at 31 December 2025
Description
As at 31 December 2025
Kwinana lithium hydroxide refinery is on a 40.5-hectare long-term leased site (Lot 15, Mason Road, Kwinana, ~45 km south of Perth and 26.5 km from the Port of Fremantle). SQM holds a 50% interest via the Covalent Lithium JV with Wesfarmers. The refinery has nameplate capacity of 50,000 metric tons per year of battery-grade lithium hydroxide. Conversion of spodumene concentrate to battery-grade LiOH is expected to be completed in 2027. First successful production of lithium hydroxide at Kwinana was achieved in 2025; ramp-up is ongoing.
Processing facilities
As at 31 December 2025
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Coya Sur Plant
Asset · Other
Project information
As at 31 December 2025
Description
As at 31 December 2025
Coya Sur is SQM's potassium nitrate processing facility in northern Chile. Coya Sur produces the finished nitrate products (sodium nitrate, potassium nitrate, NPT plants/technical-grade potassium nitrate) from feed solutions trucked from María Elena and Pedro de Valdivia, plus nitrate salts from heap leaching at Nueva Victoria. A new potassium nitrate plant was completed in 2011 adding 300,000 metric tons/year of capacity. From Coya Sur, finished nitrate products are transported by truck to the Port of Tocopilla terminal for shipment.
Processing facilities
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Battery Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Battery metals
- LCE vs Li metal vs Li₂O. Hard-rock reserves use % Li₂O; brine reserves use mg/L Li. Both translate to lithium carbonate equivalent (LCE) for chemical buyers.
- 1 t Li₂O ≈ 2.473 t LCE; 1 t Li metal ≈ 5.323 t LCE; 1 t LCE ≈ 0.188 t Li metal.
- Spodumene concentrate (5–6% Li₂O) is the usual hard-rock product; brine producers sell lithium carbonate or hydroxide. ~7.5:1 spodumene tonne to LCE tonne at 6% Li₂O.
- Nickel Class I (≥99.8% Ni, batteries) vs Class II (ferronickel/NPI, stainless). Cobalt is almost always a Cu/Ni by-product.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Lithium
Potash
Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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