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SQM Finalizes Key Codelco Partnership in Salar de Atacama

Story Highlights
  • SQM has completed the structural merger steps for its strategic lithium-focused partnership with Codelco in the Salar de Atacama.
  • The merged structure, Nova Andino Litio SpA, remains subject to a Supreme Court ruling, while new share rights and dividend methodologies apply from January 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SQM Finalizes Key Codelco Partnership in Salar de Atacama

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Sociedad Quimica Y Minera SA ( (SQM) ) has issued an update.

On December 27, 2025, SQM announced it had completed the structural steps of its strategic partnership with Chile’s state-owned copper company Codelco for the development of mining, production, commercial, community and environmental initiatives in the Salar de Atacama, via the merger by absorption of Codelco’s Minera Tarar SpA into SQM’s subsidiary SQM Salar SpA, which was simultaneously renamed Nova Andino Litio SpA. While the transaction follows substantially the same terms agreed in the May 31, 2024 partnership agreement and consolidates SQM’s position in Chile’s key lithium-producing basin, the merger remains subject to a resolutory condition tied to a pending Supreme Court decision on an appeal challenging a regulator’s prior resolution, and SQM and Nova Andino Litio SpA are currently determining dividend distributions and accounting effects under the new share structure and rights that became effective on January 1, 2025, to be reflected in SQM’s 2025 consolidated financial statements.

The most recent analyst rating on (SQM) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on Sociedad Quimica Y Minera SA stock, see the SQM Stock Forecast page.

Spark’s Take on SQM Stock

According to Spark, TipRanks’ AI Analyst, SQM is a Outperform.

SQM’s overall stock score is driven by strong technical indicators and a positive earnings call, highlighting record lithium sales and strategic growth initiatives. However, financial performance concerns, particularly in cash flow and valuation challenges, moderate the score.

To see Spark’s full report on SQM stock, click here.

More about Sociedad Quimica Y Minera SA

Sociedad Química y Minera de Chile (SQM) is a global chemicals and mining company listed in New York and Santiago that develops and produces lithium, potassium nitrate, iodine and thermo-solar salts. Its products serve key industries including health, nutrition, renewable energy and technology, where it aims to maintain leading positions in the lithium, potassium nitrate, iodine and thermo-solar salts markets.

Average Trading Volume: 1,515,042

Technical Sentiment Signal: Buy

Current Market Cap: $20.52B

See more data about SQM stock on TipRanks’ Stock Analysis page.

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