Sociedad Química y Minera de Chile S.A. Overview
Pro stress-test →SQM is a Chilean chemical company and supplier of plant nutrients, iodine, lithium and industrial chemicals. In Q1 2026, the company achieved revenue of $1,760 million, up 69.8% year-over-year, with gross profit of $779 million and net income of $365 million. The company operates critical mineral supply chains for agriculture, energy storage, and specialty chemicals globally.
Strategic Profile
Pro stress-test →SQM recorded record sales volumes and robust pricing in lithium, with the Novandino Lithium partnership with CODELCO completing its first full quarter and contributing over $530 million to the Chilean state (May 2026). The company is operating at full capacity across international lithium operations, including Mount Holland and Kwinana Refinery ramp-up. SQM maintains continued leadership and market share gains in iodine and specialty plant nutrition, with ongoing capacity expansions.
Competitive Landscape
Pro stress-test →SQM competes in lithium extraction against Albemarle and Livent in the Americas, while also competing in specialty fertilizers against multinational agrochemical companies. The Novandino partnership with Chile's state-owned CODELCO consolidates domestic lithium production. Global potassium nitrate and iodine markets face competition from regional chemical suppliers and synthetic producers.
Industry Context
Sociedad Química y Minera de Chile S.A. operates in Lithium mining and refining.
Key facts
Founded: 1968 · Headquarters: Santiago, Chile · Employees: 8,344 · Revenue: $1,760M (Q1 2026) · Market cap: N/A