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Bloomberg

SQM-Codelco Venture Maps Path to Higher Lithium Output in Chile

Friday, July 3, 2026


Chilean mining companies SQM and Codelco announced plans to increase lithium output from their partnership by more than 70%. The companies did not provide a specific timeline for the expansion. Both firms are state-linked entities operating in Chile's Atacama region, which holds the world's largest lithium reserves.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-03/sqm-codelco-venture-maps-path-to-higher-lithium-output-in-chile

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