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Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of joint ventures [abstract] |
Schedule of investment in joint ventures accounted for under the equity method of accounting |
|  | Equity-accounted investees |  | Share in income (loss) of joint ventures accounted for using the equity method
Joint Venture |  | As of December 31, 2023 |  | As of December 31, 2022 |  |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021
|  | ThUS$ |  | ThUS$ |  |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. |  | 19,490 |  |  | 20,793 |  |  |  | (6,564) |  |  | 8,208 |  |  | 6,304 |
Pavoni & C. Spa |  | 7,870 |  |  | 7,315 |  |  |  | 396 |  |  | 470 |  |  | 174 |
Covalent Lithium Pty Ltd. |  | — |  |  | — |  |  |  | 107 |  |  | — |  |  | — |
Pirra Lithium Pty Ltd. |  | 3,544 |  |  | — |  |  |  | — |  |  | — |  |  | — |
Total |  | 30,904 |  |  | 28,108 |  |  |  | (6,061) |  |  | 8,678 |  |  | 6,478 |
|  | Share on other comprehensive income joint ventures accounted for using the equity method |  | Share on total comprehensive income of joint ventures accounted for using the equity method
Joint Venture |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. |  | 2,450 |  |  | 674 |  |  | 429 |  |  | (4,114) |  |  | 8,882 |  |  | 6,733 |
Pavoni & C. Spa |  | 139 |  |  | (210) |  |  | (317) |  |  | 535 |  |  | 260 |  |  | (143) |
Covalent Lithium Pty Ltd. (*) |  | 1,583 |  |  | 90 |  |  | 37 |  |  | 1,690 |  |  | 90 |  |  | 37 |
Pirra Lithium Pty Ltd. |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 4,172 |  |  | 554 |  |  | 149 |  |  | (1,889) |  |  | 9,232 |  |  | 6,627 |
________________________________________________ (*)Equity method investments with a negative value are presented under "Other non-current provisions" and total ThUS$ 766. The following companies were included in the consolidation:
|  | Equity-accounted investees |  | Share in income (loss) of joint ventures accounted for using the equity method
Joint Venture |  | As of December 31, 2023 |  | As of December 31, 2022 |  |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021
|  | ThUS$ |  | ThUS$ |  |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Brasil Agroindustria (**) |  | — |  |  | 14,667 |  |  |  | — |  |  | 5,834 |  |  | 4,582 |
SQM Vitas Perú S.A.C. (1) |  | 2,488 |  |  | 1,340 |  |  |  | (2,302) |  |  | 2,293 |  |  | 1,645 |
Total |  | 2,488 |  |  | 16,007 |  |  |  | (2,302) |  |  | 8,127 |  |  | 6,227 |
|  | Share on other comprehensive income of joint ventures accounted for using the equity method |  | Share on total comprehensive income of joint ventures accounted for using the equity method
Joint Venture |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021 |  | For the year ended December 31, 2023 |  | For the year ended December 31, 2022 |  | For the year ended December 31, 2021
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Brasil Agroindustria (**) |  | — |  |  | 551 |  |  | (429) |  |  | — |  |  | 6,385 |  |  | 4,153 |
SQM Vitas Perú S.A.C. (1) |  | — |  |  | — |  |  | — |  |  | (2,302) |  |  | 2,293 |  |  | 1,645 |
Total |  | — |  |  | 551 |  |  | (429) |  |  | (2,302) |  |  | 8,678 |  |  | 5,798 |
(**) As of December 31, 2023, the investment in SQM Vitas Brasil Agroindustria was sold. 1.These companies are subsidiaries of: SQM Vitas Fzco
Schedule of dividends received from joint ventures |
|  |  |  |  |  |  |  |  |  | Dividends received for the year ending
Joint venture |  | Description of the nature of the relationship |  | Domicile |  | Country of incorporation |  | Share of ownership in associates |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2021
|  |  |  |  |  |  |  |  |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. |  | Production and commercialization of specialty plant, animal nutrition and industrial hygiene. |  | Jebel ALI Free Zone P.O. Box 18222, Dubai |  | United Arab Emirates |  | 50 | % |  | — |  |  | — |  |  | — |
Pavoni & C. Spa |  | Production of specialty fertilizers and others for distribution in Italy and other countries. |  | Corso Italia 172, 95129 Catania -CT, Sicilia |  | Italy |  | 50 | % |  | — |  |  | — |  |  | — |
Covalent Lithium Pty Ltd. |  | Development and operation of the Mt. Holland Lithium project, which will include the construction of a lithium extraction and refining mine. |  | L18, 109 St Georges Tce Perth WA 6000 |PO Box Z5200 St Georges Tce Perth WA 6831 |  | Australia |  | 50 | % |  | — |  |  | — |  |  | — |
SQM Vitas Brasil Agroindustria (1) |  | Production and trading of specialty vegetable and animal nutrition and industrial hygiene. |  | Via Cndeias, Km. 01 Sem Numero, Lote 4, Bairro Cia Norte, Candeias, Bahia. |  | Brazil |  | 49.99 | % |  | — |  |  | — |  |  | — |
SQM Vitas Perú S.A.C. (1) |  | Production and trading of specialty vegetable and animal nutrition and industrial hygiene |  | Av. Juan de Arona 187, Torre B, Oficina 301-II, San Isidro, Lima |  | Peru |  | 50 | % |  | — |  |  | — |  |  | — |
Pirra Lithium Pty Ltd. |  | Exploration and development of lithium assets.. |  | Suite 12, 11 Ventnor Avenue, West Perth, WA 6605. |  | Australia |  | 37.5 | % |  | — |  |  | — |  |  | — |
Total |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  | — |
Schedule of assets, liabilities, revenue and expenses from joint ventures | The information disclosed reflects the amounts presented in the financial statements of the relevant joint ventures and not the Company's share of those amounts.
|  | As of December 31, 2023 |  | For the year ended December 31, 2023
|  | Assets |  | Liabilities |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Joint Venture |  | Current |  | Non-current |  | Current |  | Non-current |  |  |  |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. (*) |  | 34,056 |  |  | — |  |  | 52 |  |  | — |  |  | — |  |  | 359 |  |  | — |  |  | 359 |
SQM Vitas Brasil Agroindustria (*) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
SQM Vitas Perú S.A.C. (*) |  | 40,327 |  |  | 8,954 |  |  | 36,898 |  |  | 220 |  |  | 53,477 |  |  | (4,603) |  |  | — |  |  | (4,603) |
Pavoni & C. Spa (*) |  | 11,879 |  |  | 6,407 |  |  | 8,146 |  |  | 814 |  |  | 21,439 |  |  | 792 |  |  | 115 |  |  | 907 |
Covalent Lithium Pty Ltd. |  | 6,980 |  |  | 2,602 |  |  | 7,106 |  |  | 4,009 |  |  | — |  |  | 215 |  |  | — |  |  | 215 |
Pirra Lithium Pty Ltd. |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | 93,242 |  |  | 17,963 |  |  | 52,202 |  |  | 5,043 |  |  | 74,916 |  |  | (3,237) |  |  | 115 |  |  | (3,122) |
|  | As of December 31, 2022 |  | For the year ended December 31, 2022
|  | Assets |  | Liabilities |  |  |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Joint Venture |  | Current |  | Non-current |  | Current |  | Non-current |  | Revenue |  |  |
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. (*) |  | 9,618 |  |  | — |  |  | 49 |  |  | — |  |  | — |  |  | 165 |  |  | — |  |  | 165 |
SQM Vitas Brasil Agroindustria (*) |  | 73,045 |  |  | 6,111 |  |  | 45,894 |  |  | — |  |  | 162,026 |  |  | 11,670 |  |  | 602 |  |  | 12,272 |
SQM Vitas Perú S.A.C. (*) |  | 59,196 |  |  | 7,285 |  |  | 49,596 |  |  | 117 |  |  | 61,387 |  |  | 4,586 |  |  | — |  |  | 4,586 |
Pavoni & C. Spa (*) |  | 11,516 |  |  | 6,358 |  |  | 8,853 |  |  | 802 |  |  | 18,066 |  |  | 939 |  |  | (344) |  |  | 595 |
Covalent Lithium Pty Ltd. |  | 2,077 |  |  | 3,088 |  |  | 7,062 |  |  | 3,017 |  |  | — |  |  | (2,648) |  |  | — |  |  | (2,648) |
Total |  | 155,452 |  |  | 22,842 |  |  | 111,454 |  |  | 3,936 |  |  | 241,479 |  |  | 14,712 |  |  | 258 |  |  | 14,970 |
|  |  | For the year ended December 31, 2021
|  |  | Revenue |  | Net income (loss) |  | Other comprehensive income |  | Comprehensive income
Joint Venture |  |  |  |  |
|  |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. (*) |  |  | — |  |  | 159 |  |  | — |  |  | 159 |
SQM Vitas Brasil Agroindustria (*) |  |  | 103,335 |  |  | 9,165 |  |  | (858) |  |  | 8,307 |
SQM Vitas Perú S.A.C. (*) |  |  | 48,128 |  |  | 3,289 |  |  | — |  |  | 3,289 |
Pavoni & C. Spa (*) |  |  | 19,599 |  |  | 347 |  |  | (634) |  |  | (287) |
Covalent Lithium Pty Ltd. |  |  | — |  |  | (864) |  |  | 74 |  |  | (790) |
Total |  |  | 171,062 |  |  | 12,096 |  |  | (1,418) |  |  | 10,678 |
(*) The financial figures figures exclude consolidation adjustments (unrealized gains and losses)
Schedule of other joint venture information |
|  | Cash and cash equivalents |  | Other current financial liabilities |  | Other non-current financial liabilities
Joint Venture |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. |  | 28,012 |  |  | 3,866 |  |  | — |  |  | — |  |  | — |  |  | — |
SQM Vitas Brasil Agroindustria |  | — |  |  | 3,820 |  |  | — |  |  | 9,753 |  |  | — |  |  | — |
SQM Vitas Perú S.A.C. |  | 2,318 |  |  | 2,208 |  |  | — |  |  | 82 |  |  | — |  |  | 117 |
Pavoni & C. Spa |  | 838 |  |  | 1,088 |  |  | 2,043 |  |  | 4,951 |  |  | — |  |  | — |
Covalent Lithium Pty Ltd. |  | 1,865 |  |  | 1,931 |  |  | — |  |  | 494 |  |  | — |  |  | — |
Total |  | 33,033 |  |  | 12,913 |  |  | 2,043 |  |  | 15,280 |  |  | — |  |  | 117 |
|  | Depreciation and amortization expense for the year ending |  | Interest expense for the year ending |  | Income tax benefit (expense) for the year ending
Joint Venture |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022 |  | As of December 31, 2023 |  | As of December 31, 2022
|  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$ |  | ThUS$
SQM Vitas Fzco. |  | — |  |  | — |  |  | (1) |  |  | (1) |  |  | — |  |  | — |
SQM Vitas Brasil Agroindustria |  | — |  |  | (331) |  |  | — |  |  | (333) |  |  | — |  |  | (3,164) |
SQM Vitas Perú S.A.C. |  | (513) |  |  | (360) |  |  | (220) |  |  | (298) |  |  | 2,013 |  |  | (2,370) |
Pavoni & C. Spa |  | (213) |  |  | (183) |  |  | (418) |  |  | (347) |  |  | (392) |  |  | (459) |
Covalent Lithium Pty Ltd. |  | (691) |  |  | (176) |  |  | (16) |  |  | (40) |  |  | (107) |  |  | 1,094 |
Total |  | (1,417) |  |  | (1,050) |  |  | (655) |  |  | (1,019) |  |  | 1,514 |  |  | (4,899) |

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