{"slug":"sqm","name":"SQM","name_en":"Sociedad Química y Minera de Chile S.A.","ticker":"SQM","updated_at":"2026-07-12T08:27:57.697+00:00","canonical":"https://valuechain.wiki/sqm","same_as":["https://finance.yahoo.com/quote/SQM","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=909037"],"citable":"밸류체인 그래프 기준 SQM의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 2)이고, 사슬을 2차까지 넓히면 10곳에 닿는다. 링크의 근거 출처는 10건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Sociedad Química y Minera de Chile S.A. is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 10 companies within two hops; the links are backed by 10 dated sources, 3 of them primary filings (as of 2026-07-12).","kicker":"칠레 아타카마 염호에서 리튬을 뽑는 세계적 생산사. 리튬에 더해 요오드와 특수비료(질산칼륨)에서도 세계 1위이며, 2025년 코델코와 아타카마 합작에 합의했다.","kicker_en":"A leading lithium producer drawing brine from Chile's Salar de Atacama, also the world's top maker of iodine and potassium nitrate, which sealed an Atacama joint venture with Codelco in 2025.","lead":"SQM은 칠레 아타카마 염호의 브라인에서 리튬을 생산하는 세계적 리튬 기업이다. 리튬 외에 요오드와 특수비료(질산칼륨)에서도 세계 1위를 지키며, 2024년 매출은 45.3억 달러다. 리튬은 LG에너지솔루션과 맺은 세계 최대 규모 장기계약(10만톤, 2023~2029)을 비롯해 글로벌 셀·양극재 업체에 공급한다. 2025년 국영 코델코와 아타카마 합작법인 노바안디노리티오를 세워 2060년까지 채굴권을 확보했다.","lead_en":"SQM is a leading lithium company that produces lithium from brine in Chile's Salar de Atacama. Beyond lithium it is the world's top maker of iodine and potassium nitrate, with 2024 revenue of US$4.53 billion. It supplies lithium to global cell and cathode makers, including a record long-term contract with LG Energy Solution (over 100,000 tonnes, 2023-2029). In 2025 it formed the Atacama joint venture Nova Andino Litio with state-owned Codelco, securing extraction rights through 2060.","segments":{"fy":2025,"parts":[{"desc":"아타카마 염호 브라인 기반 배터리급 탄산리튬·수산화리튬. 2024년 매출 22.41억 달러","name":"리튬·유도체 (Lithium and derivatives)"},{"desc":"세계 1위. X선 조영제·편광필름·의약용. 2024년 매출 9.68억 달러","name":"요오드·유도체 (Iodine and derivatives)"},{"desc":"질산칼륨 세계 1위 프리미엄 비료. 2024년 매출 9.42억 달러","name":"특수비료 (Specialty Plant Nutrition)"},{"desc":"염화칼륨 등 범용 비료. 2024년 매출 2.71억 달러","name":"칼륨 (Potassium)"}],"total":"2025 매출(아타카마 50.1%)·리튬 사상 최대 판매 · 코델코 JV 확정(Nova Andino Litio, ~2060)","source":"https://www.sec.gov/Archives/edgar/data/0000909037/000090903725000020/sqm-20241231.htm","concentration":"리튬 최대 고객은 LG에너지솔루션(10만톤, 2023~2029 장기계약). 아타카마 채굴권은 Corfo 임차 및 코델코 합작에 묶여 있다."},"segments_en":{"fy":2025,"parts":[{"desc":"Battery-grade lithium carbonate and hydroxide from Salar de Atacama brine; 2024 revenue $2,241.3M","name":"Lithium and derivatives"},{"desc":"World No.1; X-ray contrast media, polarizing film, pharmaceuticals; 2024 revenue $968.3M","name":"Iodine and derivatives"},{"desc":"Premium fertilizers led by potassium nitrate (world No.1); 2024 revenue $941.9M","name":"Specialty Plant Nutrition"},{"desc":"Potassium chloride and other commodity fertilizers; 2024 revenue $270.8M","name":"Potassium"}],"total":"2025 revenue (Atacama 50.1%), record lithium sales · Codelco JV finalized (Nova Andino Litio, through 2060)","source":"https://www.sec.gov/Archives/edgar/data/0000909037/000090903725000020/sqm-20241231.htm","concentration":"The largest lithium customer is LG Energy Solution (100,000 tonnes, 2023-2029 long-term contract). Atacama extraction rights are tied to a Corfo lease and the Codelco joint venture."},"returns_yearly":{"2021":6.8,"2022":71.8,"2023":-18.3,"2024":-39.4,"2025":89.2,"2026":7.6},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":3,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":177.8}},{"slug":"ase","name":"ASE테크놀로지","name_en":"ASE Technology","tier":3,"returns_yearly":{"2021":38.3,"2022":-12.8,"2023":60.9,"2024":10.1,"2025":65.6,"2026":167.6}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":3,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":160.5}},{"slug":"panasonic-energy","name":"파나소닉 에너지","name_en":"Panasonic Energy","tier":3,"returns_yearly":{"2021":-5.7,"2022":-1.6,"2023":20.1,"2024":16.6,"2025":36.2,"2026":113.2}},{"slug":"lg-electronics","name":"LG전자","name_en":"LG Electronics","tier":3,"returns_yearly":{"2021":-16.2,"2022":-20.9,"2023":-5.8,"2024":-9.5,"2025":19.2,"2026":85.5}},{"slug":"amkor","name":"앰코테크놀로지","name_en":"Amkor Technology","tier":3,"returns_yearly":{"2021":65.6,"2022":-2.3,"2023":40.3,"2024":-20.8,"2025":55.9,"2026":79}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":77.9}},{"slug":"apple","name":"Apple","name_en":"Apple","tier":3,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":16.2}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":3,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":16}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":13.3}},{"slug":"mazda-motor","name":"마쓰다","name_en":"Mazda Motor","tier":3,"returns_yearly":{"2021":18.8,"2022":22.8,"2023":81.1,"2024":-39,"2025":17.3,"2026":-3.2}},{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":2,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":467.7}},{"slug":"samsung-sdi","name":"삼성SDI","name_en":"Samsung SDI","tier":2,"returns_yearly":{"2021":-19,"2022":15.8,"2023":-45.7,"2024":-40.2,"2025":75.7,"2026":11.3}},{"slug":"honda-motor","name":"혼다","name_en":"Honda Motor","tier":2,"returns_yearly":{"2021":25.8,"2022":-0.8,"2023":62.2,"2024":-8,"2025":10,"2026":-1.2}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":2,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":2,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-7.8}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":2,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-9.3}},{"slug":"lg-chem","name":"LG화학","name_en":"LG Chem","tier":2,"returns_yearly":{"2021":-29,"2022":9.7,"2023":-36.6,"2024":-45.3,"2025":31.2,"2026":-14.4}},{"slug":"toyota","name":"Toyota Motor Corporation","name_en":"Toyota Motor Corporation","tier":2,"returns_yearly":{"2021":58.1,"2022":-13.4,"2023":63,"2024":1.8,"2025":21.8,"2026":-18.2}},{"slug":"lg-energy-solution","name":"LG에너지솔루션","name_en":"LG Energy Solution","tier":1,"returns_yearly":{"2023":-26.9,"2024":-7.6,"2025":13.1,"2026":-18.1}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":1,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-22.5}}],"benefiting":[],"analysis":"칠레 아타카마 염호에서 브라인으로 리튬을 뽑는 세계적 저원가 생산사로, 리튬 외에 요오드·질산칼륨에서도 세계 1위를 지키는 다각화가 방어막이다. 리튬 논지는 이원적이다 — 수요는 LG에너지솔루션 10만톤 장기계약(2023~2029) 등 셀·양극재 업체로 확보돼 있으나, 가격은 리튬 사이클 침체에 직접 노출된다. 핵심 리스크는 자원 민족주의로, 코델코 합작(2060년까지 채굴권) 구조에서 칠레 국가가 신규 생산 영업이익의 약 70%를 가져가 마진 상단을 누른다. 그래프 파급은 EV·배터리 수요가 리튬 물량으로 전이되나, 판가 사이클이 실적의 진폭을 결정한다.","analysis_en":"A world-scale low-cost lithium producer drawing brine from Chile's Salar de Atacama, with diversification as a shield — also No.1 in iodine and potassium nitrate. The lithium thesis is two-sided — demand is locked in via cell/cathode makers including the LG Energy Solution 100k-tonne contract (2023-2029), but price is directly exposed to the lithium-cycle slump. The key risk is resource nationalism: under the Codelco JV (rights through 2060), the Chilean state takes ~70% of the operating margin on new production, capping the upside. In graph terms, EV/battery demand transmits into lithium volume, but the price cycle sets the amplitude of results.","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"LG Energy Solution","counterparty_slug":"lg-energy-solution","confidence":"high","metric":{"type":"contract_volume","unit":"t LCE","basis":"battery-grade carbonate + hydroxide offtake (renewed)","value":100000,"period":"2023-2029","basis_en":"battery-grade carbonate + hydroxide offtake (renewed)"},"note":"SQM은 LG에너지솔루션과 2023~2029년 10만톤 규모의 리튬(탄산리튬·수산화리튬) 장기 공급계약을 맺었다. 단일 리튬 계약으로 세계 최대 규모다.","note_en":"SQM signed a long-term contract to supply LG Energy Solution with over 100,000 tonnes of lithium (carbonate and hydroxide) in 2023-2029, the largest single lithium supply deal.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-22","url":"https://www.sec.gov/Archives/edgar/data/909037/000090903726000023/sqm-20251231.htm","title":"SQM 20-F (FY2024)","title_en":"SQM Form 20-F for FY2024","excerpt":"20-F가 리튬 부문 매출 $22.4억을 기재. LG에너지솔루션과 2023~2029 최대 10만톤 공급계약.","excerpt_en":"The 20-F reports lithium revenue of $2.24B; a 2023-2029 supply agreement of up to 100,000 t with LG Energy Solution."},{"stance":"confirms","publisher":"디일렉","publisher_en":"THE ELEC","kind":"news","lang":"ko","published_at":"2023-07-07","url":"https://www.thelec.kr/news/articleView.html?idxno=21927","title":"LG에너지솔루션, 칠레 SQM에서 리튬 구매…IRA 대비 차원","title_en":"LG Energy Solution to buy lithium from Chile's SQM, in step with IRA","excerpt":"LG에너지솔루션이 칠레 SQM과 2023~2029년 7년간 10만톤 규모의 수산화리튬·탄산리튬 장기 구매계약을 맺어 2020년 3만6천톤 계약을 대체했다.","excerpt_en":"LG Energy Solution signed a seven-year, 100,000-tonne long-term lithium hydroxide and carbonate purchase contract with Chile's SQM for 2023-2029, replacing a 36,000-tonne 2020 deal."},{"stance":"confirms","publisher":"SQM","publisher_en":"SQM","kind":"ir","lang":"en","published_at":"2023-07-05","url":"https://www.sqm.com/en/noticia/sqm-y-lg-energy-solution-anuncian-nuevo-contrato-de-largo-plazo-para-suministrar-productos-refinados-de-litio/","title":"SQM과 LG에너지솔루션, 정제 리튬 장기 공급 신규 계약 발표","title_en":"SQM and LG Energy Solution announce new long-term agreement to supply refined lithium products","excerpt":"SQM과 LG에너지솔루션은 2023~2029년 배터리급 탄산리튬·수산화리튬 10만톤 초과 공급 장기계약을 체결했다.","excerpt_en":"SQM and LG Energy Solution signed a long-term agreement to supply over 100,000 metric tonnes of battery-grade lithium carbonate and hydroxide during 2023-2029."},{"stance":"confirms","publisher":"SQM","publisher_en":"SQM","kind":"ir","lang":"en","published_at":"2023-07-05","url":"https://sqm-ynv.com/en/noticia/sqm-y-lg-energy-solution-anuncian-nuevo-contrato-de-largo-plazo-para-suministrar-productos-refinados-de-litio/","title":"SQM·LG에너지솔루션, 10만톤 리튬 장기계약","title_en":"SQM and LG Energy Solution announce new long-term lithium contract (>100kt)","excerpt":"SQM이 LG에너지솔루션에 2023~2029년 10만 톤 이상의 배터리급 탄산·수산화리튬 공급.","excerpt_en":"SQM to supply over 100,000 metric tons of battery-grade lithium carbonate and hydroxide to LG Energy Solution during 2023-2029."},{"stance":"confirms","publisher":"Fastmarkets","publisher_en":"Fastmarkets","kind":"news","lang":"en","published_at":"2020-12-22","url":"https://www.fastmarkets.com/insights/sqm-signs-lithium-supply-agreement-with-lg-energy-solutions","title":"SQM, LG에너지솔루션과 리튬 공급 계약","title_en":"SQM signs lithium supply agreement with LG Energy Solution","excerpt":"SQM이 LG에너지솔루션에 2021~2029년 약 5.5만 톤 LCE 공급(원계약).","excerpt_en":"SQM will supply LG Energy Solution around 55,000 tonnes of LCE for 2021-2029 (original contract)."}]},{"direction":"revenue","counterparty":"Battery and cathode makers (lithium)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"type":"amount","unit":"USD","as_of":"2024-12-31","basis":"리튬 부문 매출(백만달러)","value":2241.3,"period":"FY2024","basis_en":"lithium segment revenue (US$M)","atacama_revenue_share_pct":50.1},"note":"SQM은 LG 외에도 글로벌 셀·양극재 업체에 배터리급 탄산리튬·수산화리튬을 공급한다. 2024년 리튬 매출은 22.41억 달러다.","note_en":"Beyond LG, SQM supplies battery-grade lithium carbonate and hydroxide to global cell and cathode makers; 2024 lithium revenue was $2,241.3M.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-22","url":"https://www.sec.gov/Archives/edgar/data/0000909037/000090903726000023/sqm-20251231.htm","title":"SQM 연차보고서 20-F (FY2025) — 아타카마 매출 50.1%, 리튬·요오드","title_en":"SQM Form 20-F (FY2025) — Atacama 50.1% of revenue; lithium, iodine","excerpt":"SQM FY2025 20-F: 아타카마가 매출의 50.1%; 리튬·유도체가 최대 부문.","excerpt_en":"SQM FY2025 20-F: Atacama 50.1% of revenue; lithium and derivatives the largest segment."},{"stance":"confirms","publisher":"스톡타이탄","publisher_en":"StockTitan","kind":"news","lang":"en","published_at":"2026-02-27","url":"https://www.stocktitan.net/sec-filings/SQM/6-k-chemical-mining-co-of-chile-inc-current-report-foreign-issuer-948a3db84d9e.html","title":"SQM, 리튬·요오드로 흑자 전환","title_en":"SQM swings to profit on lithium, iodine","excerpt":"SQM의 2024년 리튬·유도체 매출은 22.41억 달러로 전체 매출 45.29억 달러의 절반을 차지했다.","excerpt_en":"SQM's 2024 lithium and derivatives revenue was $2,241.3M, about half of total revenue of $4,528.8M."}]},{"direction":"revenue","counterparty":"Agriculture, pharma and industrial customers (iodine and SPN)","counterparty_slug":null,"confidence":"high","metric":{"fy":2025,"type":"amount","unit":"USD","as_of":"2024-12-31","basis":"요오드 부문 매출(백만달러)","value":968.3,"period":"FY2024","basis_en":"iodine segment revenue (US$M)","atacama_revenue_share_pct":50.1},"note":"리튬 밖에서 SQM은 요오드(세계 1위, X선 조영제 등)와 특수비료(질산칼륨 세계 1위)로 매출을 낸다. 2024년 요오드 9.68억, 특수비료 9.42억 달러다.","note_en":"Outside lithium, SQM earns from iodine (world No.1, X-ray contrast) and specialty fertilizers (potassium nitrate, world No.1); 2024 iodine was $968.3M and SPN $941.9M.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-22","url":"https://www.sec.gov/Archives/edgar/data/0000909037/000090903726000023/sqm-20251231.htm","title":"SQM 연차보고서 20-F (FY2025) — 아타카마 매출 50.1%, 리튬·요오드","title_en":"SQM Form 20-F (FY2025) — Atacama 50.1% of revenue; lithium, iodine","excerpt":"SQM FY2025 20-F: 아타카마가 매출의 50.1%; 리튬·유도체가 최대 부문.","excerpt_en":"SQM FY2025 20-F: Atacama 50.1% of revenue; lithium and derivatives the largest segment."},{"stance":"confirms","publisher":"스톡타이탄","publisher_en":"StockTitan","kind":"news","lang":"en","published_at":"2026-02-27","url":"https://www.stocktitan.net/sec-filings/SQM/6-k-chemical-mining-co-of-chile-inc-current-report-foreign-issuer-948a3db84d9e.html","title":"SQM, 리튬·요오드로 흑자 전환","title_en":"SQM swings to profit on lithium, iodine","excerpt":"SQM의 2024년 요오드·유도체 매출은 9.68억 달러, 특수비료 매출은 9.42억 달러였다.","excerpt_en":"SQM's 2024 iodine and derivatives revenue was $968.3M and specialty plant nutrition $941.9M."}]},{"direction":"cost","counterparty":"Corfo (아타카마 임차·로열티)·칠레 국가 마진 배분","counterparty_slug":null,"confidence":"high","metric":{"type":"share","unit":"%","as_of":"2025-12-27","basis":"신규 생산 영업이익 중 국가 귀속분","value":70,"period":"2025-2030","basis_en":"state share of operating margin on new production"},"note":"SQM은 칠레 개발청 Corfo로부터 아타카마 채굴권을 임차하고 로열티를 낸다. 코델코 합작 구조에서 칠레 국가(코델코·Corfo·재무부)가 2025~2030년 신규 생산 영업이익의 약 70%를 가져간다.","note_en":"SQM leases Atacama extraction rights from Chile's development agency Corfo and pays royalties; under the Codelco venture the Chilean state (Codelco, Corfo and the Treasury) takes about 70% of the operating margin on new production in 2025-2030.","sources":[{"stance":"confirms","publisher":"코델코","publisher_en":"Codelco","kind":"ir","lang":"en","published_at":"2025-12-27","url":"https://www.codelco.com/en/prensa/2025/codelco-y-sqm-forman-novaandino-litio-la-sociedad-conjunta-para-el","title":"코델코와 SQM, 아타카마 리튬 합작법인 노바안디노리티오 설립","title_en":"Codelco and SQM form Nova Andino Litio, the joint venture for lithium in the Salar de Atacama","excerpt":"합작은 Corfo 및 2031년 이후 계약에 따른 아타카마 운영 연속성을 보장하며, 칠레 국가가 신규 생산 영업이익의 상당 부분을 가져가는 구조다.","excerpt_en":"The venture ensures continuity in the Atacama under Corfo contracts and those from 2031 onward, with the Chilean state taking a large share of the operating margin on new production."}]},{"direction":"cost","counterparty":"아타카마 염호 채굴·가공 (브라인 추출)","counterparty_slug":null,"confidence":"high","metric":null,"note":"SQM 리튬 원가의 핵심은 칠레 아타카마 염호의 브라인 추출과 가공이다. 태양 증발로 농축하며, 브라인 추출량을 줄이면서 생산을 늘리는 방향으로 운영한다.","note_en":"The core of SQM's lithium cost is brine extraction and processing at Chile's Salar de Atacama, concentrated by solar evaporation, with a push to produce more lithium using less brine.","sources":[{"stance":"confirms","publisher":"스톡타이탄","publisher_en":"StockTitan","kind":"news","lang":"en","published_at":"2026-02-27","url":"https://www.stocktitan.net/sec-filings/SQM/6-k-chemical-mining-co-of-chile-inc-current-report-foreign-issuer-948a3db84d9e.html","title":"SQM, 리튬·요오드로 흑자 전환","title_en":"SQM swings to profit on lithium, iodine","excerpt":"SQM은 아타카마 염호에서 브라인 추출을 줄이면서 리튬 생산을 늘리는 확장 계획을 진행 중이라고 밝혔다.","excerpt_en":"SQM said it is advancing expansion in the Salar de Atacama, producing more lithium with less brine extraction."}]},{"direction":"investment","counterparty":"Codelco","counterparty_slug":null,"confidence":"high","metric":{"jv":"nova_andino_litio","finalized":2025,"through_year":2060,"china_approved":true},"note":"SQM·코델코가 아타카마 염호 리튬 생산을 2060년까지 공동운영하는 JV를 최종 확정 — 코델코 자회사 Minera Tarar를 SQM Salar에 흡수합병하고 사명을 Nova Andino Litio로 변경. 중국 규제 승인 완료로 발효. 칠레 국가의 리튬 통제와 SQM의 운영 노하우를 결합한 구조.","note_en":"SQM and Codelco finalized a JV to jointly operate Salar de Atacama lithium through 2060 — Codelco's Minera Tarar was merged by absorption into SQM Salar, renamed Nova Andino Litio; it took effect with China's regulatory approval. It combines Chile's state control of lithium with SQM's operating know-how.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-04-22","url":"https://www.sec.gov/Archives/edgar/data/0000909037/000090903726000023/sqm-20251231.htm","title":"SQM 연차보고서 20-F (FY2025) — 아타카마 매출 50.1%, 리튬·요오드","title_en":"SQM Form 20-F (FY2025) — Atacama 50.1% of revenue; lithium, iodine","excerpt":"아타카마가 2025년 연결매출의 50.1%; 코델코와의 리튬 JV로 2060년까지 아타카마 리튬 생산 공동운영.","excerpt_en":"Atacama was 50.1% of 2025 consolidated revenue; a lithium JV with Codelco to jointly run Atacama lithium production through 2060."},{"stance":"mentions","publisher":"Yahoo Finance","publisher_en":"Yahoo Finance","kind":"analysis","lang":"en","published_at":"2026-02-27","url":"https://finance.yahoo.com/news/why-sociedad-qu-mica-y-042836943.html","title":"SQM, 리튬 판매 사상 최대·중국 규제 승인으로 코델코 JV 확정(분석)","title_en":"SQM up on record lithium sales and China approval finalizing the Codelco JV (analysis)","excerpt":"중국 규제 승인으로 SQM-코델코 아타카마 리튬 JV 확정(Nova Andino Litio).","excerpt_en":"China's regulatory approval finalized the SQM-Codelco Atacama lithium JV (Nova Andino Litio)."},{"stance":"confirms","publisher":"코델코","publisher_en":"Codelco","kind":"ir","lang":"en","published_at":"2025-12-27","url":"https://www.codelco.com/en/prensa/2025/codelco-y-sqm-forman-novaandino-litio-la-sociedad-conjunta-para-el","title":"코델코와 SQM, 아타카마 리튬 합작법인 노바안디노리티오 설립","title_en":"Codelco and SQM form Nova Andino Litio, the joint venture for lithium in the Salar de Atacama","excerpt":"코델코와 SQM이 자회사 미네라 타라르와 SQM 살라르를 합병해 노바안디노리티오를 설립했고, 2060년까지 아타카마 리튬을 공동 개발한다. 이사회는 양사 3인씩이다.","excerpt_en":"Codelco and SQM merged their subsidiaries Minera Tarar and SQM Salar into Nova Andino Litio to jointly develop Atacama lithium through 2060, with a board of three representatives from each company."}]},{"direction":"revenue","counterparty":"코스모신소재","counterparty_slug":"cosmo-advanced-materials-technology","confidence":"high","metric":{"basis":"리튬 공급, 개별금액 비공개","basis_en":"lithium supply, individual value undisclosed","qualifier":"confirmed_no_disclosed_value"},"note":"코스모신소재에 양극재용 리튬을 공급한다(칠레). 코스모 리튬 구입액 249,944백만원(알버말 합산).","note_en":"Chile-based lithium supplier to Cosmo AM&T for cathode; Cosmo's lithium purchases were 249.9 billion won (combined with Albemarle).","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-06-02","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260602000342","title":"코스모신소재 사업보고서 (2025.12)","title_en":"Cosmo AM&T Annual Business Report (FY2025)","excerpt":"리튬은 주로 Albemarle(칠레), SQM(칠레)과 거래하고 있습니다.","excerpt_en":"Lithium is sourced mainly from Albemarle (Chile) and SQM (Chile)."}]}]}