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Codelco Sticks to SQM Lithium Deadline as Deal Opposition Mounts

Summary by Bloomberg
Chilean state mining company Codelco is on track to finalize a landmark deal with lithium supplier SQM well before the next government takes office next year, a company official said Monday.

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The document had 96 votes in favour, 2 against and 17 abstentions.

Lean Right

Last March, the president of Codelco, Máximo Pacheco, said that everything pointed to the beginning in September of the association with SQM for the exploitation of lithium in the Atacama Salt Flat. Three months after the end of this fatal period, that calendar remains unspeakable, according to sources of the corporation.On December 27, 2023, the state cupriera signed a memorandum of understanding with the non-metallic mining company to form a p…

·Chile
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The Chamber of Deputies of Chile has endorsed the report of the commission of inquiry that calls for the termination of the association agreement signed by the companies Codelco and SQM at the end of May 2024 to exploit lithium in the Atacama Salar and that also includes the purchase of the Salar Blanco mine, in Maricunga.

The Chamber of Deputies of Chile asked to rescind the agreement between the Corporación Nacional del Cobre (Codelco) and the Sociedad Química y Minera (SQM) par

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Bias Distribution

  • 67% of the sources lean Right
67% Right
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La Tercera broke the news in Chile on Monday, June 30, 2025.
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