03
Codelco will control lithium production
True. Codelco will be the majority shareholder in the new company and will take full control in 2031.
Codelco will hold 50% plus one share in the new joint venture, giving it absolute majority and control from the outset. It will participate in all strategic decisions from the beginning, and as of 2031, will assume full operational control.
This agreement ensures active, transparent, and state-led participation in lithium production from the start of the joint operation.
The Codelco–SQM agreement is a good deal for Chile
There was no public tender to benefit SQM
Codelco will control lithium production
SQM has complete freedom to exploit all the lithium it wants
SQM is the best partner for Codelco
The State gains little from the agreement
Was lithium sold cheaply to SQM?
This agreement was made behind closed doors
The Codelco–SQM agreement guarantees sustainable production in the Atacama Salt Flat
