Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

News

SQM Announces Long-Term Lithium Supply Agreement with Ford Motor Company

SQM Announces Long-Term Lithium Supply Agreement with Ford Motor Company

Santiago, Chile. May 22, 2023.- Sociedad Química y Minera de Chile SA (SQM) (NYSE SQM, Santiago Stock Exchange: SQM-B, SQM-A) and Ford Motor Company have announced a long-term strategic agreement to secure the supply of high-quality lithium products for production of electric vehicles.

The agreement between Ford and SQM will ensure the supply of battery-grade lithium carbonate and lithium hydroxide, essential components to manufacture high-performance electric vehicle batteries. The origin of SQM’s lithium should help Ford vehicles to qualify for the Inflation Reduction Act (IRA) consumer tax credit and will help support its plans to produce electric vehicles and expand its presence in the global electric mobility markets.

Carlos Diaz, Executive Vice President Lithium of SQM, said. “We are pleased to announce this strategic agreement and value Ford’s trust in SQM I s ability to deliver battery-grade lithium products sustainably produced in Chile. As one of the largest lithium producers in the world, for over 25 years, SQM has been investing in the technology and development of its own processes to produce high value-added lithium products with one of the lowest environmental footprints in the industry This alliance will allow both companies to contribute further to the decarbonization of the planet on a global scale

Added Lisa Drake, Ford’s vice president, EV Industrialization, Model e: “Working With strong global collaborators such as SQM will help us make real progress on making EVs more accessible for our customers down the road. SQM has established well-run operations, a commitment to sustainability, and a proven track record for scaling capacity Working together he ps Ford strengthen our plans to help secure the lithium we need and to de-risk our production plans for millions of EVs over time”.

,
,