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The Codelco–SQM agreement is a good deal for Chile
True. The Codelco–SQM agreement allows the State to seize now — and not in 5, 7, or 10 years — the opportunity we have to become a global leader in lithium production.
This alliance is a good deal for Chile. It ensures that lithium remains under Chilean control and provides advantages in terms of operational efficiency, business synergies, and the use of existing resources and expertise.
From an economic standpoint, between 2025 and 2030, the State of Chile — through Codelco, Corfo, and the Treasury — will receive approximately 70% of the operational margin generated by the new production. And starting January 1, 2031, the State of Chile will receive 85% of the operational margin, through payments to Corfo, taxes, and Codelco.
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
