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Inventories
 12 Months Ended
Dec. 31, 2024
Inventories  
Inventories Inventories
The composition of inventory at each period-end is as follows:    
Type of inventoryAs of
December 31,
2024		As of
December 31,
2023
ThUS$ThUS$
Raw material58,212 61,098 
Production supplies91,914 77,810 
Products-in-progress698,134 744,217 
Finished product853,925 891,469 
Total1,702,185 1,774,594 
As of December 31, 2024 and 2023, the Company held caliche stockpiles, solutions in solar ponds and intermediary salts amounting ThUS$ 462,451 and as of December 31, 2023 was ThUS$ 503,318 (including products in progress). As of December 31, 2024, bulk inventories recognized within work in progress were ThUS$ 249,105, while as of December 31, 2023 this value amounted to ThUS$ 221,559. As of December 31, 2024, bulk inventories recognized within finished goods were ThUS$ 138,625 (as of December 31, 2023, this value amounted to ThUS$ 164,029).
As of December 31, 2024 and 2023, recognized inventory allowances, amounted to ThUS$ 114,632 and ThUS$ 133,768, respectively. For finished and in-process products, recognized allowances include the provision associated with the lower value of stock (considers lower realizable value, uncertain future use, reprocessing costs of off-specification products, etc.), provision for inventory differences and the provision for potential errors in the determination of inventories (e.g., errors in topography, grade, moisture, etc.). (See Note 3.15).
For raw materials, supplies, materials and parts, the lower value provision was associated with the proportion of defective materials and potential differences.
The breakdown of inventory allowances is detailed as follows:
Type of inventoryAs of
December 31,
2024		As of
December 31,
2023
ThUS$ThUS$
Raw material and supplies for production5,082 7,724 
Products-in-progress75,100 104,970 
Finished product34,450 21,074 
Total114,632 133,768 
The Company has not pledged inventory as collateral for the periods indicated above.
As of December 31, 2024, and 2023, movements in provisions are detailed as follows:
ReconciliationAs of
December 31,
2024		As of
December 31,
2023		As of
December 31,
2022
ThUS$ThUS$ThUS$
Beginning balance133,768 104,057 75,892 
Decrease (increase) in carrying amount(14,517)32,926 29,693 
Additional Provision Differences of Inventory171 455 (161)
Increase / Decrease eventual differences and others— — — 
Provision Used(4,790)(3,670)(1,367)
Total changes(19,136)29,711 28,165 
Final balance114,632 133,768 104,057 
For further details, see accounting policy for inventory measurement in Note 3.15