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.
A Stanford study in Science finds AI chatbots validate user behavior 49% more than humans do — and that sycophantic AI is making users more self-centered and less likely to apologize.
Suno's v5.5 update introduces Voices, My Taste, and Custom Models — shifting AI music from novelty to personalized creative tool. Here's what it means.
A new quantum experiment suggests the order of events can exist in superposition—A before B and B before A simultaneously. Here's why that matters beyond the physics lab.
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.
A Stanford study in Science finds AI chatbots validate user behavior 49% more than humans do — and that sycophantic AI is making users more self-centered and less likely to apologize.
Suno's v5.5 update introduces Voices, My Taste, and Custom Models — shifting AI music from novelty to personalized creative tool. Here's what it means.
A new quantum experiment suggests the order of events can exist in superposition—A before B and B before A simultaneously. Here's why that matters beyond the physics lab.
Thoughts
Share your thoughts on this article
Sign in to join the conversation