Mine / resource · Chile

Salar de Atacama (SQM)

ProducingVerified 24 Oct 2026As of 25 Oct 2026
Owner
Nova Andino Litio (Novandino), joint company of SQM and Codelco
Listed via
SQM
Product
Brine
Deposit type
Brine
Capacity
Novandino 2026 guidance 280–290 kt LCE (Chile chloride processing plus sulfate refined in China); >300 kt LCE capacity by end-2027; brine feed for Salar del Carmen
≈ 210 kt LCE/yr (nameplate)
Location
-23.47°, -68.33°
Source
Filing used for verification

Operated by Novandino (SQM–Codelco); Salar Futuro (~US$3 bn over ~7 years after approvals) submitted for environmental review in Jul 2026.

Ownership structure

Effective economic interest of listed owners · As of 24 Oct 2026
SQMSQM100%Salar de Atacama (SQM)Mine / resource

Attributable capacity

Listed ownerStakekt LCE/yr
SQM SQM100%≈210

Structure: Nova Andino Litio (Novandino), joint company of SQM and Codelco.

Value chain

Owners, buyers and the refineries on Li3atlas they feed · As of 25 Oct 2026
Listed ownersSQMSQM
Mine / resourceSalar de Atacama (SQM)Novandino 2026 guidance 280–290 kt LCE (Chile chloride processing plus sulfate refined in China); >300 kt LCE capacity by end-2027; brine feed for Salar del Carmen

Quarterly production

As of 30 Jun 2026
76Sales (kt LCE): 51.2Sep Q 24Sales (kt LCE): 58Dec Q 24Sales (kt LCE): 52.3Mar Q 25Sales (kt LCE): 51.7Jun Q 25Sales (kt LCE): 62.9Sep Q 25Sales (kt LCE): 66.2Dec Q 25Sales (kt LCE): 62.4Mar Q 26Sales (kt LCE): 75.8Jun Q 26
Production (kt LCE)Sales (kt LCE)
Jun Q 26Mar Q 26Dec Q 25Sep Q 25Jun Q 25Mar Q 25Dec Q 24Sep Q 24
Production (kt LCE)————————
Sales (kt LCE)75.862.466.262.951.752.35851.2

Resource and mine life

As of 25 Oct 2026
Reserve
1.17 Mt LCE
Grade
0.27% Li (extracted brine, Proven + Probable)
Mine life
5 years
As of
31 Dec 2025

Milestones

As of 24 Oct 2026

Completed (2)

  • Jul 2026Salar Futuro environmental and technical documentation submittedPermit · source
  • 27 Dec 2025SQM–Codelco partnership completed; SQM Salar renamed Nova Andino LitioOther · source

Country risk · Chile

Policy risk: Medium As of 24 Oct 2026

State-led model: Codelco holds 50% plus one share of NovaAndino Litio, which runs SQM's Salar de Atacama operations until 2060 (deal closed Dec 2025). source

Change history

Approved changes with their source · As of 25 Oct 2026
DateFieldChangeSource
25 Oct 2026Quarterly figuresnew: Dec Q 2024 · sales 58 kt LCESQM Form 6-K: 4Q2024 earnings release (SEC EDGAR, filed 5 Mar 2025)
25 Oct 2026Quarterly figuresnew: Jun Q 2024 · sales 52.3 kt LCESQM Form 6-K: 2Q2025 earnings release (SEC EDGAR, filed 25 Aug 2025)
25 Oct 2026Mine lifenew: 5SQM Form 6-K Exhibit 96.1: Technical Report Summary, Salar de Atacama (Novandino Litio SpA), 13 Apr 2026
25 Oct 2026Resource / reservenew: reserve 1.17 Mt LCE · 0.27% Li (extracted brine, Proven + Probable) · as of 2025-12-31SQM Form 6-K Exhibit 96.1: Technical Report Summary, Salar de Atacama (Novandino Litio SpA), 13 Apr 2026
25 Oct 2026Quarterly figuresnew: Mar Q 2024 · sales 43.5 kt LCESQM Form 6-K: 1Q2025 earnings release (SEC EDGAR, filed 2 Jun 2025)
25 Oct 2026Quarterly figuresnew: Sep Q 2024 · sales 51.2 kt LCESQM Form 6-K: 3Q2025 earnings release (SEC EDGAR, filed 19 Nov 2025)
24 Oct 2026Quarterly figuresnew: Mar Q 2026 · sales 62.4 kt LCESQM Form 6-K: 1Q2026 earnings release (SEC EDGAR, filed 27 May 2026)
24 Oct 2026Quarterly figuresnew: Dec Q 2025 · sales 66.2 kt LCESQM Form 6-K: 4Q2025 earnings release (SEC EDGAR, filed 2 Mar 2026)

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