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SQM has complete freedom to exploit all the lithium it wants
False. The additional production was approved by technical bodies and is tied to the launch of the new company.
The expansion of production by 300,000 tons of lithium carbonate equivalent (LCE) was authorized by the Chilean Nuclear Energy Commission (CCHEN) based on technical criteria. This authorization is valid only for the current term of the contract with Corfo and contingent upon the partnership with Codelco being finalized.
It is important to note that lithium is a non-concessible mineral, and extraction quotas are determined by the CCHEN according to available reserves.
Brine flows must be authorized by the environmental authority, based on the results of the Environmental Impact Study.
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
