Codelco and SQM formed a joint venture.

Codelco, an enterprise dedicated to the exploration, development and production of copper ore, and SQM, a copper giant and lithium producer, formed a joint venture. “Codelco is taking a strategic step today to actively participate in lithium production, a key resource for the global energy and digital transition. This partnership with SQM fills us with pride and reflects a new form of public-private collaboration: transparent, professional, and long-term,” Máximo Pacheco, Codelco Chairman of the Board.