Sociedad Química y Minera de Chile SA (SQM) is a prominent Chilean chemical company, renowned globally for its production and distribution of specialty plant nutrients, iodine, lithium, and industrial chemicals. Established in 1968, SQM has grown into one of the world's leading suppliers of these critical materials, playing a pivotal role in various industries including agriculture, pharmaceuticals, and the rapidly expanding electric vehicle (EV) market. Headquartered in Santiago, Chile, SQM leverages the country’s rich natural resources, particularly the vast lithium reserves in the Salar de Atacama, to maintain its competitive edge in the global market.
A cornerstone of SQM’s business is its lithium production, which has gained significant importance with the rise of electric vehicles and renewable energy storage solutions. Lithium is a key component in the batteries that power EVs and other electronic devices, and SQM is one of the largest lithium producers in the world. The company’s strategic investments in expanding its lithium extraction and processing capabilities have positioned it to meet the growing global demand. By employing sustainable and efficient extraction methods, SQM ensures that it can supply high-quality lithium while minimizing environmental impact.
In addition to lithium, SQM is a major producer of iodine, another vital industrial chemical. Iodine is used in a wide range of applications, from medical treatments and pharmaceuticals to LCD screens and X-ray contrast media. SQM controls a significant portion of the world’s iodine market, thanks to its extensive production facilities in Chile. The company’s expertise in iodine extraction and processing allows it to produce high-purity iodine products that meet stringent industry standards, ensuring its continued dominance in this sector.
SQM also excels in the production of specialty plant nutrients, which are crucial for modern agriculture. These products include potassium nitrate, sodium nitrate, and various water-soluble fertilizers that help improve crop yield and quality. By providing innovative and sustainable agricultural solutions, SQM supports global food security and the efficient use of agricultural resources. The company’s commitment to research and development in this area has led to the creation of advanced nutrient formulations that cater to the specific needs of different crops and growing conditions.