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Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024						As of December 31, 2023									For the year ended December 31, 2024						For the year ended December 31, 2023						For the year ended December 31, 2022
						ThUS$						ThUS$									ThUS$						ThUS$						ThUS$
SQM Vitas Fzco.						8,422						19,490									2,491						(6,564)						8,208
Pavoni & C. Spa						7,508						7,870									189						396						470
Covalent Lithium Pty Ltd. (1)						—						—									(758)						107						—
Pirra Lithium Pty Ltd.						3,535						3,544									—						—						—
Azure Minerals						542,456						—									—						—						—
Total						561,921						30,904									1,922						(6,061)						8,678

(1) Investments accounted for using the equity method with a negative value are included within “Other non-current provisions” in the amount of ThUS$1,259 and ThUS$ 766 as of December 31, 2024 and 2023 respectively. The effects resulting from the share in the profit (loss) of this joint venture

for the years ended December 31, 2024 and 2023 for an amount to ThUS$ (758) and ThUS$ 107, and are included within “other (losses) gains”.

						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, 2024						For the year ended December 31, 2023						For the year ended December 31, 2022						For the year ended December 31, 2024						For the year ended December 31, 2023						For the year ended December 31, 2022
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM Vitas Fzco.						(577)						2,450						674						1,914						(4,114)						8,882
Pavoni & C. Spa						(276)						139						(210)						(87)						535						260
Covalent Lithium Pty Ltd. (*)						265						1,583						90						(493)						1,690						90
Total						(588)						4,172						554						1,334						(1,889)						9,232

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, 2024						As of December 31, 2023						As of December 31, 2022
																														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		%				12,500						—						—
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		%				218						—						—
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 (*)						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						—		%				—						—						—
SQM Vitas Perú S.A.C. (**)						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						—		%				—						—						—
Pirra Lithium Pty Ltd.						Exploration and development of lithium assets..						Suite 12, 11 Ventnor Avenue, West Perth, WA 6605.						Australia						40.0		%				—						—						—
Azure Minerals (***)						In charge of the development of the world-class Andover lithium deposits.						51 Point Samson-Roebourne Rd, Roebourne WA 6718						Australia						50.0		%				—						—						—
Total																														12,718						—						—

(*) As of December 31, 2023, the investment in SQM Vitas Brasil Agroindustria was sold.

(**) As of March 27, 2024, all SQM Vitas Perú S.A.C. shares had been acquired by the Company. As of December 31, 2023, Vitas Fzco's ownership interest in SQM Vitas Peru was 99.99999%.

(***) SH Mining Pty Ltd. holds 30.57% interest in Azure Minerals.

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, 2024																								For the year ended December 31, 2024
						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. (*)						16,882						—						38						—						—						(5,970)						—						(5,970)
SQM Vitas Perú S.A.C. (*)						39,072						8,578						33,547						196						17,672						1,731						—						1,731
Pavoni & C. Spa (*)						11,416						5,919						7,855						877						23,878						379						(229)						150
Covalent Lithium Pty Ltd.						10,576						915						11,868						2,141						—						(1,516)						—						(1,516)
Pirra Lithium Pty Ltd.						2,720						2,006						10						—						—						3						—						3
Azure Mineral						32,907						9,071						3,561						24,254						—						—						—						—
Total						113,573						26,489						56,879						27,468						41,550						(5,373)						(229)						(5,602)

						As of December 31, 2023																								For the year ended December 31, 2023
						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. (*)						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)

									For the year ended December 31, 2022
									Revenue						Net income (loss)						Other comprehensive income						Comprehensive income
Joint Venture
									ThUS$						ThUS$						ThUS$						ThUS$
SQM Vitas Fzco. (*)									—						165						—						165
SQM Vitas Brasil Agroindustria (*)									162,026						11,670						602						12,272
SQM Vitas Perú S.A.C. (*)									61,387						4,586						—						4,586
Pavoni & C. Spa (*)									18,066						939						(344)						595
Covalent Lithium Pty Ltd.									—						(2,648)						—						(2,648)
Total									241,479						14,712						258						14,970

(*) The financial 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, 2024						As of December 31, 2023						As of December 31, 2024						As of December 31, 2023						As of December 31, 2024						As of December 31, 2023
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM Vitas Fzco.						10,807						28,012						—						—						—						—
SQM Vitas Brasil Agroindustria						—						—						—						—						—						—
SQM Vitas Perú S.A.C.						1,092						2,318						—						—						—						—
Pavoni & C. Spa						493						838						2,809						2,043						—						—
Covalent Lithium Pty Ltd.						1,403						1,865						—						—						—						—
Pirra Lithium Pty Ltd.						2,718						—						—						—						—						—
Azure Minerals						26,678						—						—						—						—						—
Total						43,191						33,033						2,809						2,043						—						—

						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, 2024						As of December 31, 2023						As of December 31, 2024						As of December 31, 2023						As of December 31, 2024						As of December 31, 2023
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM Vitas Fzco.						—						—						(1)						(1)						—						—
SQM Vitas Brasil Agroindustria						—						—						—						—						—						—
SQM Vitas Perú S.A.C.						(109)						(513)						(70)						(220)						(342)						2,013
Pavoni & C. Spa						(99)						(213)						(375)						(418)						(184)						(392)
Covalent Lithium Pty Ltd.						(252)						(691)						(20)						(16)						(1,364)						(107)
Pirra Lithium Pty Ltd.						—						—						—						—						—						—
Azure Minerals						—						—						—						—						—						—
Total						(460)						(1,417)						(466)						(655)						(1,890)						1,514

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