Chilean national business media
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La Tercera (Chile) · Chile · SQM Q1 revenue rose 70% as lithium price doubled; Tianqi cut its stake while the Codelco JV paid $530M to the Chilean state
Chilean financial press coverage of the Q1 earnings with focus on the $530M state distribution: Codelco receives its share as the future JV operator from 2030, CORFO receives royalty income under the existing extraction agreement. Quotes Chilean Mining Minister Marcela Hernandez describing the Q1 distribution as 'proof that the new model delivers for Chileans'. Notes that SQM's upgraded volume guidance implies Atacama capacity will be pushed to maximum permitted extraction limits under current CORFO quotas.
“SQM's Q1 distribution of $530M to the Chilean state via the Codelco JV is described by the Mining Minister as proof the new model works.”