Chile Moves Forward with Codelco-SQM Lithium Contracts for Atacama Salt Flat

September 26, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Chile's Production Development Corporation (Corfo), an economic development authority, has submitted two agreements to Chile's comptroller's office a modified lithium concession contract and lease agreement for Sociedad Quimica y Minera's (SQM) (Santiago, Chile) Atacama salt flat development, which is valid through 2030, and the mining lease contract for the new SQM-Codelco joint venture, which will be valid from 2031 to 2060. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Plant Database can click here for the plant profile.