Sociedad Quimica y Minera (SQM) News Today

Sociedad Química y Minera S.A. (SQM) (NYSE: SQM) shares decreased today as Chilean lawmakers moved to annul its lithium agreement with state miner Codelco, stoking regulatory uncertainty, even as the company pursues new partnerships to bolster its lithium pipeline.

• Andrada Mining Limited partners with SQM to develop the Lithium Ridge asset in Nevada, diversifying SQM’s lithium portfolio and opening new growth avenues.
• A Seeking Alpha overview reiterates SQM’s strong lithium fundamentals but introduces no fresh catalysts.
• Presidential candidate Paula Jara says she would respect the Codelco-SQM accord if elected but warns she might seek alternative arrangements, underscoring policy ambiguity.
• Senator Evelyn Matthei praises the Chamber of Deputies for transparently reviewing the Codelco-SQM lithium pact, though the outcome remains uncertain.
• Chile’s Chamber of Deputies overwhelmingly approved a report recommending the annulment of the Codelco-SQM lithium agreement, raising questions about SQM’s near-term project pipeline.
• Growing political opposition in the presidential race threatens to delay or alter SQM’s existing lithium contracts, increasing regulatory and execution risks.