Supreme Court Resolution Finalizes SQM-Codelco Lithium Partnership
SQM has more than doubled off its 52-week low of $29.36.
Summary
SQM announced the full completion of its strategic partnership with Codelco for lithium development in Salar de Atacama, following a favorable Supreme Court ruling that rejected a prior appeal.
Key Events · M&A and Partnerships · SQM
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Partnership Finalized
The strategic partnership with Codelco for lithium development in Salar de Atacama is now fully complete, removing prior conditions.
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Legal Hurdle Removed
The Supreme Court rejected Tianqi's appeal on January 26, 2026, resolving the final condition precedent for the merger of Codelco's subsidiary into SQM Salar SpA.
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Merger Confirmed
The merger by absorption of Minera Tarar SpA into SQM Salar SpA (now Nova Andino Litio SpA) is confirmed for all legal purposes, solidifying the strategic alliance.
Analysis · SQM · Energy & Transportation
This filing confirms the definitive completion of the critical partnership between SQM and Codelco, which secures SQM's long-term operational future in the Salar de Atacama lithium project. The Supreme Court's rejection of Tianqi's appeal removes the final legal uncertainty surrounding the merger of Codelco's subsidiary into SQM's, solidifying the strategic alliance. This resolution is a significant positive for SQM, ensuring stability and clarity for its key lithium operations, following the conditional announcement on January 12, 2026.
At the time of this filing, SQM was trading at $77.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $22.7B. The 52-week trading range was $29.36 to $86.13. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.