Chile’s Lithium Juggernaut: Codelco and SQM Join Forces to Control 40% of Global Reserves
Chile's Codelco and SQM have formed a giant joint venture to exploit lithium, controlling 40% of global reserves. A major move for the EV supply chain.
Chile's shaking up the 'white gold' market. The world's leading copper producer is now doubling down on its lithium dominance, creating a state-private hybrid that could dictate the future of electric vehicles.
The Birth of a Resource Powerhouse
On Saturday, December 27, 2025, Chile’s state-owned Codelco and the private mining firm SQM announced the creation of a massive joint venture. This new entity will oversee the exploitation of lithium, the lightweight metal essential for powering the EV revolution.
Leveraging 40% of Global Reserves
Chile isn't just another player; it's the world’s second-largest producer and holds a staggering 40% of the world's known lithium reserves. This partnership marks a pivotal shift in how these critical minerals are managed.
- State Control: Codelco ensures the Chilean government maintains a firm grip on national resources.
- Private Expertise: SQM brings technical proficiency and existing infrastructure to the table.
- Geopolitical Link: With Chinese capital embedded in SQM, the venture maintains a direct line to the world's largest EV market.
This content is AI-generated based on source articles. While we strive for accuracy, errors may occur. We recommend verifying with the original source.
Related Articles
Samsung SDI and KG Mobility have signed an MOU to jointly develop advanced EV battery packs using next-generation 46-series cylindrical cells, signaling a deeper integration trend in the auto industry.
Get a lifetime license for Microsoft Office Professional 2021 for just $34.97. Own Word, Excel, and PowerPoint forever without monthly subscription fees.
Samsung partners with Erwan Bouroullec for the Music Studio 5, a speaker that doubles as an art piece, set to debut at CES 2026. Discover the new era of sculptural tech.
Six major influencers, including long-time member Adapt, have left FaZe Clan after failed contract talks. CEO Matt Kalish cites an unsustainable business model.
Samsung SDI and KG Mobility have signed an MOU to jointly develop advanced EV battery packs using next-generation 46-series cylindrical cells, signaling a deeper integration trend in the auto industry.
Get a lifetime license for Microsoft Office Professional 2021 for just $34.97. Own Word, Excel, and PowerPoint forever without monthly subscription fees.
Samsung partners with Erwan Bouroullec for the Music Studio 5, a speaker that doubles as an art piece, set to debut at CES 2026. Discover the new era of sculptural tech.
Six major influencers, including long-time member Adapt, have left FaZe Clan after failed contract talks. CEO Matt Kalish cites an unsustainable business model.