<SEC-DOCUMENT>0001104659-21-032258.txt : 20210305
<SEC-HEADER>0001104659-21-032258.hdr.sgml : 20210305
<ACCEPTANCE-DATETIME>20210304200309
ACCESSION NUMBER:		0001104659-21-032258
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210304
FILED AS OF DATE:		20210305
DATE AS OF CHANGE:		20210304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMICAL & MINING CO OF CHILE INC
		CENTRAL INDEX KEY:			0000909037
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			F3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	033-65728
		FILM NUMBER:		21716074

	BUSINESS ADDRESS:	
		STREET 1:		EL TROVADOR 4285, 6TH FLOOR
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		5624252485
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm218758d1_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">Form 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">For the month of March 2021.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">Commission File Number 33-65728</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><U>CHEMICAL
AND MINING COMPANY OF CHILE INC.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">(Translation of registrant&#8217;s
name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center"><U>El Trovador 4285, Santiago,
Chile (562) 2425-2000</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">(Address of principal executive
office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Form 20-F: <FONT STYLE="font-family: Wingdings">&#120;</FONT>
Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Note: Regulation S-T Rule 101(b)(1) only permits
the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.05pt 0pt 0">Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer
must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized
(the registrant&#8217;s &#8220;home country&#8221;), or under the rules of the home country exchange on which the registrant&#8217;s
securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed
to the registrant&#8217;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission
or other Commission filing on EDGAR.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Santiago,
Chile, March 4, 2021 &#8211;</B> Sociedad Qu&iacute;mica y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B,
SQM-A) held a conference call today to discuss the fourth quarter 2021 results, which were published on March 3, 2021. The following
items were discussed by executive management as part of the conference call:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">We are the
first lithium mining company in the world to join the Initiative for Responsible Mining Assurance, IRMA. For years, we have built
a sustainable operation in an effort to protect the environment, our neighboring communities and contribute to sustainable industries.
This is part of our commitment to a high level of transparency seeking public reportability of the objectives we have established
related to environmental matters, sustainable operations and social responsibility. It is also linked to the role we play in the
value chain of strategic industries for human development, including the electric and sustainable mobility markets, renewable
energy and sustainable farming. I have said this before, and I will reiterate it again, our dedication to the goals of our Sustainable
Development Plan is paramount and we look forward to sharing continued advancements related to it in the future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Looking
back at 2020, there are a lot of positive things to mention, starting with our lithium carbonate production which surpassed 70,000
metric tons in the year, exceeding our objectives for the year related to volumes, costs, and quality of the products that we
have been producing and selling, allowing us to increase our market share and expand our customer base. As a result of this, our
sales volumes in 2020 were over 43% higher than sales volumes reported last year, reaching a company record. Additionally, in
the fourth quarter our sales volumes reached almost 26,000 metric tons, over 134% higher than sales volumes reported during the
same period last year. This was part of our plan and continues to be part of our strategy going forward. As I said last night,
this is a clear sign that we are prepared to continue to grow rapidly and support the strong demand growth in the lithium industry.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Our
new lithium carbonate expansion is moving forward as scheduled and we expect to reach 120,000 metric tons by the end of this year
and 180,000 metric tons at the end of 2023. We will begin studies to better understand the possibility to increase lithium carbonate.
capacity in Chile to 200-220,000 metric tons potentially in the future. Additionally, we will study the possibility to increase
lithium hydroxide from 30,000 metric tons to 60,000 metric tons and then to potentially to 90,000 metric tons in the long-term.
In addition to Chile, the investment for the Mount Holland lithium project was approved last month. The updated feasibility study
confirms an expected initial production capacity of 50,000 metric tons of battery grade lithium hydroxide with first production
coming online during the second half of 2024 if all necessary permits are received as anticipated. We believe there could be a
second stage of this project, we will continue to study options where the project could double. We believe we are one of the lowest-cost
producers of lithium and anticipate this project will also be competitively positioned on the cost-curve.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">While
lithium is an exciting market and offers many growth prospects, I would be remiss if I did not mention the other opportunities
that we were able to take advantage of during 2020. In the industrial chemical business line, which represented about 9% of the
gross profit of the company last year, mostly related to sales volumes of more than 160,000 metric tons of solar salts, of which
over 66,000 metric tons were delivered during the fourth quarter. In 2021, we expect to deliver close to 200,000 metric tons of
solar salts, and we believe that we are prepared to satisfy the market needs with annual volumes of over 200,000 metric tons of
solar salts going forward. We also believe that potassium chloride sales volumes could increase approximately 10% in 2021 compared
to 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Many
of you have noted, rightfully so, that the iodine market was impacted by the global pandemic in 2020. We believe that the total
market demand decreased approximately 9%. However, we are optimistic that we could see significant market recovery during 2021
as the impact of the pandemic fades away, mostly led by the x-ray contrast media, LCD and pharmaceutical market. We hope to increase
market share during the year and we are confident that demand growth going forward will require new capacity like the one we announced
last December.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 2.25pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Again,
while there is a lot of positive news to share about 2020, it was a tough year met with various challenges, most of which we were
able to overcome as a result of the effort and dedication of our team, collaborators and neighboring communities. The well-being
of everyone will remain our priority, and I want to thank each and every person for the accomplishments and the results we were
able to achieve in 2020.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><U>About
SQM</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">SQM
is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE: SQM; Santiago Stock Exchange:
SQM-B, SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health,
nutrition, renewable energy and technology through innovation and technological development. We aim to maintain our leading world
position in the lithium, potassium nitrate, iodine and thermo-solar salts markets by:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt">
<TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; text-align: justify; padding-right: 10.95pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ensuring
                                         access to the best assets related to our current business lines by expanding our global
                                         presence;</FONT></TD></TR>
<TR STYLE="font-size: 10pt">
<TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; text-align: justify; padding-right: 10.95pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Actively
                                         searching for attractive minerals allowing us diversification opportunities to replicate
                                         and expand our existing mining capacities; </FONT></TD></TR>
<TR STYLE="font-size: 10pt">
<TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; text-align: justify; padding-right: 10.95pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Strengthening
                                         our operational, logistical and commercial excellence process from beginning to end,
                                         while looking to be a cost leader; and </FONT></TD></TR>
<TR STYLE="font-size: 10pt">
<TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; width: 0.25in; padding-bottom: 1pt"><FONT STYLE="font-family: Symbol; font-size: 10pt">&middot;</FONT></TD><TD STYLE="padding-top: 1pt; font-size: 10pt; text-align: justify; padding-right: 10.95pt; padding-bottom: 1pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintaining
                                         a conservative financial policy which allows us to successfully endure economic cycles
                                         that could impact the markets in which we sell.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">We
are a company built and managed by a culture based on excellence, safety, sustainability and integrity. We work every day to expand
this culture through the attraction, retention and development of talent as well encouraging an inclusive and diverse work environment
ensuring the unique knowledge and innovation needed to sustain our business. We strive for safe and accident-free operations by
promoting conduct that favors the physical safety and psychological well-being of everyone who works directly and indirectly with
the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">We
position ourselves as leaders in sustainability and commit to a sustainable future where we constantly work to responsibly manage
natural resources, protect human rights, care for the environment, form close and trusting relationships with our neighboring
communities and create value. Within these communities, we support projects and activities with a focus on education, business
development, and protection of the environment and historical heritage. We create value for our clients through established commercial
models and the production and development of differentiated products that respond to their industry and market specific needs,
constantly creating and providing a sustainable improvement in the quality of life. We will continue to create value for all of
our stakeholders through responsible management of natural resources, sustainable expansion projects and improvement of our existing
operations, with a focus on minimizing our environmental impacts by reducing our carbon, energy and water footprints and working
together with our shareholders, employees, customers, suppliers and communities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">For
further information, contact:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Gerardo
Illanes 56-2-24252022 / <U>gerardo.illanes@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Kelly
O&#8217;Brien 56-2-24252074 / <U>kelly.obrien@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Irina
Axenova 56-2-24252280 / <U>irina.axenova@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">For
media inquiries, contact:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0"><FONT STYLE="font-size: 10pt">Maria Ignacia Lopez
/ <U>ignacia.lopez@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0"><FONT STYLE="font-size: 10pt">Pablo Pisani / <U>pablo.pisani@sqm.com</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0"><FONT STYLE="font-size: 10pt">Tamara Rebolledo
/ <U>tamara.rebolledo@sqm.com</U> &nbsp;(Northern Region)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Cautionary
Note Regarding Forward-Looking Statements</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">This
news release contains &#8220;forward-looking statements&#8221; within the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: &#8220;anticipate,&#8221;
 &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;strategy,&#8221; &#8220;should,&#8221;
 &#8220;will&#8221; and similar references to future periods. Examples of forward-looking statements include, among others, statements
we make concerning the Company&#8217;s capital expenditures, financing sources, Sustainable Development Plan, business outlook,
future economic performance, anticipated profitability, revenues, expenses, or other financial items, anticipated cost synergies
and product or service line growth.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 10.95pt 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Forward-looking
statements are neither historical facts nor assurances of future performance. Instead, they are estimates that reflect the best
judgment of SQM management based on currently available information. Because forward-looking statements relate to the future,
they involve a number of risks, uncertainties and other factors that are outside of our control and could cause actual results
to differ materially from those stated in such statements, including our ability to successfully implement the Sustainable Development
Plan. Therefore, you should not rely on any of these forward-looking statements. Readers are referred to the documents filed by
SQM with the United States Securities and Exchange Commission, specifically the most recent annual report on Form 20-F, which
identifies other important risk factors that could cause actual results to differ from those contained in the forward-looking
statements. All forward-looking statements are based on information available to SQM on the date hereof and SQM assumes no obligation
to update such statements, whether as a result of new information, future developments or otherwise, except as required by law.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3.85pt 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><U>CHEMICAL
AND MINING COMPANY OF CHILE INC.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt">(Registrant)</FONT></P>

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">Date: March 4, 2021</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right; width: 50%"> /s/ Gerardo Illanes</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">By: Gerardo Illanes</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right">CFO</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>Persons
who are to respond to the collection of information contained SEC 1815 (04-09) in this form are not required to respond unless
the form displays currently valid OMB control number.</B></FONT></P>

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