Sociedad Química y Minera de Chile S.A. (SQM) Bundle
A Brief History of Sociedad Química y Minera de Chile S.A. (SQM)
Company Overview
SQM is a Chilean-based company founded in 1968, specializing in the production of specialty plant nutrients, iodine, lithium, potassium, and industrial chemicals.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.74 billion |
| Net Income | $643 million |
| EBITDA | $1.06 billion |
Production Capabilities
- Lithium Production: 140,000 metric tons per year
- Iodine Production: 20,000 metric tons per year
- Potassium Nitrate Production: 1.1 million metric tons per year
Global Market Position
Market Leadership: SQM is the world's second-largest lithium producer, controlling approximately 22% of the global lithium market as of 2024.
Operational Regions
- Primary Operations: Atacama Desert, Chile
- International Sales: Over 110 countries
- Key Export Markets: China, United States, Europe
Stock Performance
| Stock Exchange | Ticker Symbol | 2024 Stock Price |
|---|---|---|
| New York Stock Exchange | SQM | $55.67 |
| Santiago Stock Exchange | SQM-B | CLP 29,500 |
Environmental Sustainability
Water Consumption Reduction: 35% reduction in water usage per ton of lithium produced between 2018-2023.
Strategic Investments
- Lithium Expansion Project: $1.2 billion investment
- Green Hydrogen Development: $300 million allocated
- Renewable Energy Integration: 65% of energy from renewable sources
A Who Owns Sociedad Química y Minera de Chile S.A. (SQM)
Ownership Structure
As of 2024, SQM has a complex ownership structure with several significant shareholders:
| Shareholder | Ownership Percentage |
|---|---|
| Julio Ponce Lerou (through Inversiones Global Mining | 29.41% |
| Treasum Asset Management | 23.93% |
| Banco Itaú | 11.76% |
| Banco Santander | 10.09% |
Major Institutional Shareholders
- BlackRock Inc.
- Vanguard Group
- Capital Group Companies
Public Trading Information
SQM is publicly traded on:
- Santiago Stock Exchange
- New York Stock Exchange (NYSE: SQM)
Regulatory Ownership Disclosure
The company's ownership is subject to Chilean corporate governance regulations and must disclose significant shareholding changes.
Sociedad Química y Minera de Chile S.A. (SQM) Mission Statement
Company Overview
SQM (Sociedad Química y Minera de Chile S.A.) is a global specialty chemical and minerals company headquartered in Santiago, Chile. As of 2024, the company operates in multiple sectors with specific strategic focus areas.
Mission Statement Components
- Sustainable production of lithium, potassium, and specialty plant nutrients
- Global market leadership in specialty chemical and mineral solutions
- Commitment to environmental responsibility and innovation
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.97 billion |
| Net Income | $637 million |
| EBITDA | $1.12 billion |
Key Production Metrics
| Product Category | Annual Production Volume |
|---|---|
| Lithium Carbonate | 145,000 metric tons |
| Potassium Chloride | 1.1 million metric tons |
| Specialty Plant Nutrients | 420,000 metric tons |
Global Market Presence
Key Geographic Markets: Chile, China, United States, Europe, and Asia-Pacific regions
Strategic Focus Areas
- Lithium production for electric vehicle batteries
- Advanced agricultural nutrition solutions
- Sustainable mineral extraction technologies
Sustainability Metrics
| Sustainability Indicator | 2023 Performance |
|---|---|
| Water Efficiency Improvement | 22% reduction in water consumption |
| Carbon Emission Reduction | 15% decrease compared to 2022 |
How Sociedad Química y Minera de Chile S.A. (SQM) Works
Company Overview
SQM is a Chilean-based company specializing in the production of lithium, potassium, iodine, and specialty fertilizers. As of 2024, the company operates primarily in the Atacama Desert region of Chile.
Business Segments
| Segment | Revenue (2023) | Key Products |
|---|---|---|
| Lithium & Derivatives | $2.98 billion | Lithium carbonate, lithium hydroxide |
| Potassium | $1.45 billion | Potassium chloride, potassium sulfate |
| Iodine & Derivatives | $632 million | Industrial iodine, pharmaceutical iodine |
| Specialty Plant Nutrition | $423 million | Fertilizers, micronutrients |
Lithium Production
SQM's lithium production capacity in 2024 is approximately 140,000 metric tons per year from its Atacama salt flat operations.
Key Production Facilities
- Atacama Salt Flat Complex, Chile
- Industrial processing plant in Antofagasta
- Research and development center in Santiago
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $5.48 billion |
| Net Income | $1.23 billion |
| EBITDA | $1.67 billion |
| Market Capitalization | $12.6 billion |
Global Market Position
SQM is the second-largest lithium producer globally, with approximately 20% of the world's lithium market share in 2024.
Export Markets
- China: 45% of total exports
- United States: 22% of total exports
- Europe: 18% of total exports
- Other regions: 15% of total exports
Sustainability Initiatives
SQM has committed to reducing water consumption by 50% and carbon emissions by 40% by 2030 in its production processes.
How Sociedad Química y Minera de Chile S.A. (SQM) Makes Money
Revenue Streams
SQM generates revenue through four primary business segments:
| Segment | 2023 Revenue (USD) | Primary Products |
|---|---|---|
| Lithium and Derivatives | $2.86 billion | Battery-grade lithium compounds |
| Potassium | $1.02 billion | Potassium chloride, potassium sulfate |
| Iodine and Derivatives | $456 million | Industrial and pharmaceutical iodine |
| Industrial Chemicals | $312 million | Sodium nitrate, sodium potassium nitrate |
Lithium Production Capacity
SQM's lithium production capacity in 2024:
- 180,000 metric tons of lithium carbonate equivalent (LCE) annually
- Salar de Atacama production site in Chile covers 48,000 hectares
- Market share of approximately 24% in global lithium production
Geographic Revenue Distribution
| Region | Percentage of Sales |
|---|---|
| China | 42% |
| Asia (excluding China) | 25% |
| Europe | 18% |
| Americas | 15% |
Financial Performance
Key financial metrics for 2023:
- Total revenue: $4.65 billion
- Net income: $1.23 billion
- EBITDA: $1.87 billion
- Gross margin: 47.3%
Key Customers
Major customer segments:
- Electric vehicle battery manufacturers
- Agricultural fertilizer companies
- Electronics manufacturers
- Pharmaceutical industries
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