XML 120 R47.htm IDEA: XBRL DOCUMENT v3.25.1

Financial instruments (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about financial instruments [abstract]

Schedule of other current and non-current financial assets

Description of other financial assets						As of December 31, 2024						As of December 31, 2023
						ThUS$						ThUS$
Financial assets at amortized cost (1)						1,061,262						1,316,797
Derivative financial instruments
-For hedging						15,405						8,527
-Non-hedging (2)						2,928						519
Total other current financial assets						1,079,595						1,325,843
Financial assets at fair value through other comprehensive income (4) (5) (6) (7)						57,756						232,268
Derivative financial instruments
-For hedging						2,930						15,993
Other financial assets at amortized cost						20						20
Total other non-current financial assets						60,706						248,281

Schedule of detailed information about other non-current financial assets

Institution						As of December 31, 2024						As of December 31, 2023
						ThUS$						ThUS$
Banco de Crédito e Inversiones						174,684						74,459
Banco Morgan Stanley (3)						—						5,590
Banco Santander						415,851						100,083
Banco Itaú CorpBanca						66,166						372,061
Scotiabank Chile						240,164						319,128
Bank of Nova Scotia						51,025						353,592
Sumitomo Mitsui Banking						—						91,884
KBC Bank						22,397						—
Banco Estado						90,975						—
Total						1,061,262						1,316,797

________________________________________________

(1)Corresponds to term deposits whose maturity date is greater than 90 days and less than 360 days from the investment date constituted in the aforementioned financial institutions.

(2)Correspond to forwards and options that were not classified as hedging instruments (See detail in Note 12.3).

(3)As of December 31, 2024, there are no collateral guarantees. As of December 31, 2023, collateral guarantees were recorded for an amount of ThUS$ 5,590.

(4)During the first quarter of 2023, the Company made an investment of ThUS$13,480 to acquire a 19.99% interest in Azure Minerals Limited (a company listed on the Australian Stock Exchange). The Company and Azure have entered into an acquisition agreement

under which the Company has the right to choose a director and acquire 25% of all lithium products in which Azure has an interest on commercially competitive market terms. During the third and fourth quarter of 2023, the Company invested an additional ThUS$12,904 and ThUS$4,317, respectively, to maintain its ownership interest.

On May 9, 2024, the Company acquired an additional share in this entity, reaching a 50% ownership stake (for more details, see Note 9.4, section (a)). Consequently, this investment was reclassified under the joint ventures category. At the time of reclassification, the cumulative valuation recorded in the reserve for gains and losses on financial assets was transferred to retained earnings, totaling MUS$186,809. This amount reflects the total change in the fair value assessment from the initial acquisition of 19.99% to reaching the 50% ownership stake.

(5)    In the first quarter of 2024, the Company invested an additional ThUS$4,380 in Altilium Metals Ltd., bringing the total investment to ThUS$ 12,000 and increasing its interest in this entity to 11%. During the third quarter of 2023, the Company invested ThUS$ 7,620 to acquire a 3% interest in Altilium Metals Ltd.

(6)    In the first quarter of 2024, the Company contributed ThUS$ 1,285 to acquire a 14.86% interest in Salinity Solutions Ltd. During the third quarter of 2023, the Company contributed ThUS$ 3,000 to acquire a 6.82% interest in Electric Era Technologies Inc.

(7)    During the third quarter of 2024 and as a result of the Company's loss of significant influence over this investment (for further details see note 8.3 letter a), the investment in SAS Adionics previously held as investment in associates was reclassified to other non-current financial assets when the Company irrevocably classified it as equity financial assets measured at fair value through other comprehensive income.

Considering that these investments (5) (6) and (7) are recent, their carrying amount is estimated to approximate their fair value.

Schedule of trade and other receivables

						As of December 31, 2024																		As of December 31, 2023
Trade and other receivables						Current						Non-current						Total						Current						Non-current						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Trade receivables, current						537,552						—						537,552						784,422						—						784,422
Prepayments, current						33,737						—						33,737						74,630						—						74,630
Other receivables, current						23,063						2,727						25,790						18,163						2,559						20,722
Guarantee deposits (1)						11,785						—						11,785						29,966						—						29,966
Total trade and other receivables						606,137						2,727						608,864						907,181						2,559						909,740

See discussion about credit risk in Note 4.2.

						As of December 31, 2024																		As of December 31, 2023
Trade and other receivables						Gross receivables						Impairment provision for doubtful receivables						Trade receivables, net						Gross receivables						Impairment provision for doubtful receivables						Trade receivables, net
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Trade receivables, current						539,948						(2,396)						537,552						787,667						(3,245)						784,422
Prepayments, current						34,521						(784)						33,737						75,414						(784)						74,630
Other receivables, current						25,712						(2,649)						23,063						21,209						(3,046)						18,163
Guarantee deposits (1)						11,785						—						11,785						29,966						—						29,966
Other receivables, non-current						2,727						—						2,727						2,559						—						2,559
Total trade and other receivables						614,693						(5,829)						608,864						916,815						(7,075)						909,740

(1)During the third quarter of 2022, the Company signed an agreement for an option to potentially acquire a battery-grade lithium hydroxide monohydrate plant with a production capacity of approximately 20,000 tons per year from lithium sulfate salts. In addition, the transaction secures rights to adjacent land for future expansion.

Schedule of impairment provision for doubtful receivables

As of December 31, 2024
						Trade accounts receivable days past due
Trade and other receivables						Current						1 to 30 days						31 to 60 days						61 to 90 days						Over 90 days						Trade						Trade receivables due from related parties
																																				ThUS$						ThUS$
Expected Loss Rate on						0%						1		%				2		%				5		%				27		%				—						—
Total Gross Book Value						512,474						16,619						6,294						558						4,003						539,948						29,374
Impairment Estimate						989						163						138						26						1,080						2,396						668

As of December 31, 2023
						Trade accounts receivable days past due																																				Trade receivables due from related parties
Trade and other receivables						Current						1 to 30 days						31 to 60 days						61 to 90 days						Over 90 days						Trade
																																				ThUS$						ThUS$
Expected Loss Rate on						0%						2		%				7		%				2		%				39		%				—						—
Total Gross Book Value						758,781						18,732						2,684						3,509						3,961						787,667						44,053
Impairment Estimate						1,007						422						197						67						1,552						3,245						800

Schedule of movements in provisions

As of December 31, 2024, and 2023, movements in provisions are as follows:

Provisions						As of December 31, 2024						As of December 31, 2023			As of December 31, 2022
						ThUS$						ThUS$			ThUS$
Impairment provision of Accounts receivable at the beginning of the year						7,875						10,193			14,716
Impairment loss on accounts receivable for the period recognized in results						(639)						(202)			(3,369)
Write-off of receivables						(2,154)						(1,351)			—
Difference in exchange rate						1,415						(765)			(1,154)
Impairment provision of Accounts Receivable Provision at the end of the year						6,497						7,875			10,193
Trade and other receivables						2,396						3,245			4,759
Current other receivables						3,433						3,830			4,056
Trade receivables with related parties						668						800			1,378
Recovery of Insurrance						—						—			—
Impairment provision of Accounts Receivable						6,497						7,875			10,193

Schedule of derivative financial instruments classified as hedges

As of December 31, 2024						Assets						Liabilities						Total Realized (*)						Hedging Reserve in Gross Equity (1)
Type of Instrument: Cross currency interest rate swaps and Forwards
Cash flow hedge derivatives
Short term						15,405						7,316						—						—
Long term						2,930						21,440						—						—
Subtotal						18,335						28,756						10,018						(20,439)
Type of Instrument: Forwards
Non-hedging derivates disbursement SQM Australia Pty
Short term						—						—						—						—
Long term						—						—						—						—
Subtotal						—						—						—						—
Underlying Investments Hedge						18,335						28,756						10,018						(20,439)
Type of Instrument: Forwards/Options
Non-hedge derivates with effect on income
Short term						2,928						418						—						—
Underlying Investments Hedge						2,928						418						17,131						—
Total Instruments						21,263						29,174						27,149						(20,439)

The Company recouped the CCS with Santander Bank who had hedged the Series Q bond, by moving the UF/USD exchange rate upwards. This change increased the USD value of the bond by ThUS$16,440 and its interest payable. Santander Bank paid the company ThUS$17,320 on August 18, 2023 in exchange for this amendment.

As of December 31, 2023						Assets						Liabilities						Total Realized (*)						Hedging Reserve in Gross Equity (1)
Type of Instrument: Cross currency interest rate swaps and Forwards
Cash flow hedge derivatives
Short term						7,038						30,442						—						—
Long term						15,993						8,368						—						—
Subtotal						23,031						38,810						(13,067)						(2,712)
Type of Instrument: Forwards
Non-hedging derivates disbursement SQM Australia Pty
Short term						1,489						—
Long term						—						52						—						1,437
Subtotal						1,489						52						—						1,437
Underlying Investments Hedge						24,520						38,862						(13,067)						(1,275)
Type of Instrument: Forwards/Options
Non-hedge derivates with effect on income
Short term						519						14,795						—						—
Underlying Investments Hedge						519						14,795						5,401						—
Total Instruments						25,039						53,657						(7,666)						(1,275)

________________________________________________

(1)See underlying hedges in Note 4.2 letters b) and d) and movement of cash flow hedge reserve in Note 19.4.

(*) The balances in the column “Total Realized” consider the intermediate effects of the contracts that were in place between January 1 and December 31, 2024, and January 1 and December 31, 2023.

Schedule of asset and liability hedging derivatives

Reconciliation of asset and liability hedging derivatives						As of December 31, 2023						Cash Flow						Income Statement						Equity and Others						As of December 31, 2024
Hedge-to-debt derivatives						2,520						6,298						(47,238)						12,594						(25,826)
Hedging derivatives to investment						(18,300)						(4,368)						37,938						135						15,405
Hedging derivatives – cash requirements for Australia’s business						1,437						—						—						(1,437)						—
Non-hedging derivatives						(14,275)						(345)						17,130						—						2,510

Reconciliation of asset and liability hedging derivatives						As of December 31, 2022						Cash Flow						Income Statement						Equity and Others						As of December 31, 2023
Hedge-to-debt derivatives						(10,061)						(14,850)						6,631						20,800						2,520
Hedging derivatives to investment						(29,984)						(10,082)						18,171						3,595						(18,300)
Non-hedging derivatives disbursement SQM Australia Pty asset						7,139						1,183						(1,183)						(5,702)						1,437
Non-hedging derivatives						(1,642)						(18,034)						5,401						—						(14,275)

Schedule of derivative contract maturities

Derivative contract maturities are detailed as follows:

Series

Contract amount

Currency

Maturity date

ThUS$

H

84,662

UF

01/05/2025

O

58,748

UF

02/01/2030

P

134,228

UF

01/15/2028

Q

123,370

UF

06/01/2030

Schedule of financial liabilities

As of December 31, 2024, and 2023, the detail is as follows:

						As of December 31, 2024																		As of December 31, 2023
Other current and non-current financial liabilities						Currents						Non-Current						Total						Currents						Non-Current						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Liabilities at amortized cost
Bank borrowings						847,963						129,683						977,646						1,164,262						295,518						1,459,780
Unsecured obligations						307,771						3,449,459						3,757,230						46,999						2,909,485						2,956,484
Derivative financial instruments
For hedging						7,316						21,440						28,756						30,443						8,419						38,862
Non-Hedging						418						—						418						14,795						—						14,795
Total						1,163,468						3,600,582						4,764,050						1,256,499						3,213,422						4,469,921

Schedule of information about short-term bank borrowings

As of December 31, 2024, the detail of this caption is as follows:

Debtor																		Creditor																		Currency or adjustment index
Tax ID No						Company						Country						Tax ID No.						Financial institution						Country												Repayment									maturity						Effective rate						Nominal rate
93.007.000-9						SQM S.A.						Chile						O-E						Bank of Nova Scotia						United States of America						Dollar						Upon maturity									06/20/2025						5.93		%				4.28		%
93.007.000-9						SQM S.A.						Chile						O-E						Banco Santander/Kexim						Spain/South Korea						Dollar						Upon maturity									06/23/2025						4.73		%				4.28		%
93.007.000-9						SQM S.A.						Chile						O-E						Banco Santander/Kexim						Spain/South Korea						Dollar						Upon maturity									06/23/2025						4.27		%				4.29		%
93.007.000-9						SQM S.A.						Chile						97.018.000-1						Scotiabank Chile						Chile						Dollar						Upon maturity									03/26/2025						6.10		%				6.10		%
93.007.000-9						SQM S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									02/14/2025						5.95		%				5.95		%
93.007.000-9						SQM S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									08/21/2025						5.27		%				5.27		%
93.007.000-9						SQM S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									09/02/2025						4.95		%				4.95		%
93.007.000-9						SQM S.A.						Chile						97.043.000-8						JPMorgan						Chile						Dollar						Upon maturity									07/10/2025						5.77		%				5.77		%
79.947.100-0						SQM Industrial S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									03/07/2025						6.11		%				6.11		%
79.947.100-0						SQM Industrial S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									03/07/2025						6.11		%				6.11		%
79.947.100-0						SQM Industrial S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									02/25/2025						5.84		%				5.84		%
79.947.100-0						SQM Industrial S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									06/19/2025						5.89		%				5.89		%
79.947.100-0						SQM Industrial S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									02/07/2025						5.89		%				5.89		%
79.947.100-0						SQM Industrial S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									07/11/2025						5.53		%				5.53		%
79.947.100-0						SQM Industrial S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									08/08/2025						5.22		%				5.22		%
79.626.800-K						SQM Salar SpA						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									02/17/2025						5.86		%				5.86		%
79.626.800-K						SQM Salar SpA						Chile						97.018.000-1						Scotiabank Chile						Chile						Dollar						Upon maturity									05/06/2025						6.06		%				6.06		%
79.626.800-K						SQM Salar SpA						Chile						97.018.000-1						Scotiabank Chile						Chile						Dollar						Upon maturity									03/26/2025						6.10		%				6.10		%
79.626.800-K						SQM Salar SpA						Chile						97.004.000-5						Banco de Chile						Chile						Dollar						Upon maturity									08/08/2025						5.34		%				5.34		%
79.626.800-K						SQM Salar SpA						Chile						97.004.000-5						Banco de Chile						Chile						Dollar						Upon maturity									06/16/2025						5.90		%				5.90		%

Debtor						Creditor						Nominal amounts as of December 31, 2024																		Current amounts as of December 31, 2024
Company						Financial institution						Up to 90 days						90 days to 1 year						Total						Up to 90 days						90 days to 1 year						Subtotal						Borrowing costs						Total
												ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM S.A.						Bank of Nova Scotia						—						200,000						200,000						—						200,346						200,346						(839)						199,507
SQM S.A.						Banco Santander/Kexim						—						—						—						—						150						150						—						150
SQM S.A.						Banco Santander/Kexim						—						—						—						—						23						23						—						23
SQM S.A.						Scotiabank Chile						—						25,000						25,000						25,911						—						25,911						—						25,911
SQM S.A.						Banco Estado						15,000						—						15,000						15,781						—						15,781						—						15,781
SQM S.A.						Banco Estado						—						30,000						30,000						—						30,558						30,558						—						30,558
SQM S.A.						Banco Estado						—						80,000						80,000						—						81,287						81,287						—						81,287
SQM S.A.						JPMorgan						—						50,000						50,000						—						51,395						51,395						—						51,395
SQM Industrial S.A.						Banco Itau						20,000						—						20,000						20,859						—						20,859						—						20,859
SQM Industrial S.A.						Banco Itau						20,000						—						20,000						20,586						—						20,586						—						20,586
SQM Industrial S.A.						Banco Itau						10,000						—						10,000						10,429						—						10,429						—						10,429
SQM Industrial S.A.						Banco Itau						40,000						—						40,000						41,226						—						41,226						—						41,226
SQM Industrial S.A.						Banco Itau						—						30,000						30,000						—						30,928						30,928						—						30,928
SQM Industrial S.A.						Banco Estado						—						30,000						30,000						—						30,605						30,605						—						30,605
SQM Industrial S.A.						Banco Estado						—						50,000						50,000						—						51,275						51,275						—						51,275
SQM Salar SpA						Banco Itau						20,000						—						20,000						20,664						—						20,664						—						20,664
SQM Salar SpA						Scotiabank Chile						—						50,000						50,000						—						51,918						51,918						—						51,918
SQM Salar SpA						Scotiabank Chile						50,000						—						50,000						51,822						—						51,822						—						51,822
SQM Salar SpA						Banco de Chile						—						40,000						40,000						—						40,825						40,825						—						40,825
SQM Salar SpA						Banco de Chile						—						70,000						70,000						—						72,214						72,214						—						72,214
Total												175,000						655,000						830,000						207,278						641,524						848,802						(839)						847,963

As of December 31, 2023

Debtor																		Creditor																		Currency or adjustment index
Tax ID No						Company						Country						Tax ID No.						Financial institution						Country												Repayment									maturity						Effective rate						Nominal rate
93.007.000-9						SQM S.A.						Chile						O-E						Bank of Nova Scotia						United States of America						Dollar						Upon maturity									06/21/2024						5.88		%				6.64		%
93.007.000-9						SQM S.A.						Chile						O-E						Banco Santander/Kexim						Spain/South Korea						Dollar						Upon maturity									06/21/2024						4.49		%				6.36		%
93.007.000-9						SQM S.A.						Chile						97.043.000-8						JP Morgan						Chile						Dollar						Upon maturity									05/28/2024						6.69		%				6.69		%
93.007.000-9						SQM S.A.						Chile						97.036.000-K						Banco Santander						Chile						Dollar						Upon maturity									05/17/2024						5.95		%				5.95		%
93.007.000-9						SQM S.A.						Chile						97.036.000-K						Banco Santander						Chile						Dollar						Upon maturity									08/26/2024						6.88		%				6.88		%
93.007.000-9						SQM S.A.						Chile						97.018.000-1						Scotiabank Chile						Chile						Dollar						Upon maturity									05/30/2024						6.19		%				6.19		%
93.007.000-9						SQM S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									02/20/2024						6.18		%				6.18		%
93.007.000-9						SQM S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									06/10/2024						6.19		%				6.19		%
93.007.000-9						SQM S.A.						Chile						97.006.000-6						Banco Crédito e Inversiones						Chile						Dollar						Upon maturity									04/18/2024						6.01		%				6.01		%
93.007.000-9						SQM S.A.						Chile						97.006.000-6						Banco Crédito e Inversiones						Chile						Dollar						Upon maturity									10/17/2024						5.84		%				6.46		%
93.007.000-9						SQM S.A.						Chile						97.006.000-6						Banco Crédito e Inversiones						Chile						Dollar						Upon maturity									05/24/2024						6.17		%				6.17		%
93.007.000-9						SQM S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									07/05/2024						6.50		%				6.50		%
79.947.100-0						SQM Industrial S.A.						Chile						97.004.000-5						Banco de Chile						Chile						Dollar						Upon maturity									05/16/2024						5.85		%				5.85		%
79.947.100-0						SQM Industrial S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									07/05/2024						6.50		%				6.50		%
79.626.800-K						SQM Salar S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									07/05/2024						6.50		%				6.50		%
79.626.800-K						SQM Salar S.A.						Chile						97.023.000-9						Banco Itau						Chile						Dollar						Upon maturity									07/05/2024						6.50		%				6.50		%
79.626.800-K						SQM Salar S.A.						Chile						97.018.000-1						Scotiabank Chile						Chile						Dollar						Upon maturity									05/17/2024						6.07		%				6.07		%
79.626.800-K						SQM Salar S.A.						Chile						97.018.000-1						Scotiabank Chile						Chile						Dollar						Upon maturity									05/30/2024						6.19		%				6.19		%
79.626.800-K						SQM Salar S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									07/18/2024						5.92		%				6.15		%
79.626.800-K						SQM Salar S.A.						Chile						97.030.000-7						Banco Estado						Chile						Dollar						Upon maturity									06/10/2024						6.19		%				6.19		%
79.626.800-K						SQM Salar S.A.						Chile						97.004.000-5						Banco de Chile						Chile						Dollar						Upon maturity									05/16/2024						5.85		%				5.85		%
79.626.800-K						SQM Salar S.A.						Chile						97.004.000-5						Banco de Chile						Chile						Dollar						Upon maturity									06/21/2024						6.25		%				6.25		%

Debtor						Creditor						Nominal amounts as of December 31, 2023																		Current amounts as of December 31, 2023
Company						Financial institution						Up to 90 days						90 days to 1 year						Total						Up to 90 days						90 days to 1 year						Subtotal						Borrowing costs						Total
												ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM S.A.						Bank of Nova Scotia						—						—						—						—						406						406						—						406
SQM S.A.						Banco Santander						—						120,000						120,000						—						124,383						124,383						—						124,383
SQM S.A.						Banco Santander						—						200,000						200,000						—						204,625						204,625						—						204,625
SQM S.A.						Banco JP Morgan						—						50,000						50,000						—						50,288						50,288						—						50,288
SQM S.A.						Banco Santander/Kexim						—						—						—						—						177						177						—						177
SQM S.A.						Scotiabank Chile						—						25,000						25,000						—						25,898						25,898						—						25,898
SQM S.A.						Banco Estado						15,000						—						15,000						15,569						—						15,569						—						15,569
SQM S.A.						Banco Estado						—						20,000						20,000						—						20,695						20,695						—						20,695
SQM S.A.						Banco Crédito e Inversiones						—						100,000						100,000						—						104,176						104,176						—						104,176
SQM S.A.						Banco Crédito e Inversiones						—						100,000						100,000						—						101,238						101,238						—						101,238
SQM S.A.						Banco Crédito e Inversiones						—						50,000						50,000						—						51,825						51,825						—						51,825
SQM S.A.						Banco Itau						—						10,000						10,000						—						10,309						10,309						—						10,309
SQM Industrial S.A.						Banco de Chile						—						30,000						30,000						—						31,077						31,077						—						31,077
SQM Industrial S.A.						Banco Itau						—						20,000						20,000						—						20,618						20,618						—						20,618
SQM Salar S.A.						Banco Itau						—						10,000						10,000						—						10,311						10,311						—						10,311
SQM Salar S.A.						Banco Itau						—						20,000						20,000						—						20,618						20,618						—						20,618
SQM Salar S.A.						Scotiabank Chile						—						50,000						50,000						—						51,864						51,864						—						51,864
SQM Salar S.A.						Scotiabank Chile						—						50,000						50,000						—						51,797						51,797						—						51,797
SQM Salar S.A.						Banco Estado						—						70,000						70,000						—						71,913						71,913						—						71,913
SQM Salar S.A.						Banco Estado						—						80,000						80,000						—						82,779						82,779						—						82,779
SQM Salar S.A.						Banco de Chile						—						40,000						40,000						—						41,436						41,436						—						41,436
SQM Salar S.A.						Banco de Chile						—						70,000						70,000						—						72,260						72,260						—						72,260
Total												15,000						1,115,000						1,130,000						15,569						1,148,693						1,164,262						—						1,164,262

Schedule of current maturities of unsecured obligations

As of December 31, 2024, the detail of current unsecured interest-bearing obligations is composed of promissory notes and bonds, as follows:

Debtor																		Number of registration or ID of the instrument																		Currency or adjustment index						Periodicity
Tax ID No.						Company						Country												Series						Maturity date												Payment of interest						Repayment						Effective rate						Nominal rate
93.007.000-9						SQM S.A.						Chile						—						ThUS$250,000						01/28/2025						Dollar						Semiannual						Upon maturity						0.39		%				4.38		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$450,000						05/07/2025						Dollar						Semiannual						Upon maturity						1.98		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$400,000						01/22/2025						Dollar						Semiannual						Upon maturity						3.43		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$700,000						03/10/2025						Dollar						Semiannual						Upon maturity						3.14		%				3.50		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$750,000						05/07/2025						Dollar						Semiannual						Upon maturity						6.02		%				6.50		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$850,000						03/10/2025						Dollar						Semiannual						Upon maturity						5.86		%				5.50		%
93.007.000-9						SQM S.A.						Chile						564						H						01/05/2024						UF						Semiannual						Semiannual						1.55		%				4.90		%
93.007.000-9						SQM S.A.						Chile						699						O						02/01/2024						UF						Semiannual						Upon maturity						1.51		%				3.80		%
93.007.000-9						SQM S.A.						Chile						563						P						01/15/2024						UF						Semiannual						Upon maturity						1.10		%				3.25		%
93.007.000-9						SQM S.A.						Chile						700						Q						06/01/2024						UF						Semiannual						Upon maturity						2.23		%				3.45		%

Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements.

																		Nominal amounts as of December 31, 2024																		Carrying amounts of maturities as of December 31, 2024
Company						Country						Series						Up to 90 days						90 days to 1 year						Total						Up to 90 days						90 days to 1 year						Subtotal						Borrowing costs						Total
																		ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM S.A.						Chile						ThUS$250,000						254,648						—						254,648						254,648						—						254,648						(36)						254,612
SQM S.A.						Chile						ThUS$450,000						—						2,869						2,869						—						2,869						2,869						(677)						2,192
SQM S.A.						Chile						ThUS$400,000						7,508						—						7,508						7,508						—						7,508						(235)						7,273
SQM S.A.						Chile						ThUS$700,000						7,554						—						7,554						7,554						—						7,554						(555)						6,999
SQM S.A.						Chile						ThUS$750,000						—						7,313						7,313						—						7,313						7,313						(1,611)						5,702
SQM S.A.						Chile						ThUS$850,000						14,415						—						14,415						14,415						—						14,415						(1,935)						12,480
SQM S.A.						Chile						H						15,844						—						15,844						15,844						—						15,844						(172)						15,672
SQM S.A.						Chile						O						907						—						907						907						—						907						(81)						826
SQM S.A.						Chile						P						1,719						—						1,719						1,719						—						1,719						(12)						1,707
SQM S.A.						Chile						Q						—						330						330						—						330						330						(22)						308
Total																		302,595						10,512						313,107						302,595						10,512						313,107						(5,336)						307,771

Debtor																		Number of registration or ID of the instrument																		Currency or adjustment index						Periodicity
Tax I No.						Company						Country												Series						Maturity date												Payment of interest						Repayment						Effective rate						Nominal rate
93.007.000-9						SQM S.A.						Chile						—						ThUS$250,000						01/28/2024						Dollar						Semiannual						Upon maturity						0.80		%				4.38		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$450,000						05/07/2024						Dollar						Semiannual						Upon maturity						2.39		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$400,000						01/22/2024						Dollar						Semiannual						Upon maturity						3.62		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$700,000						03/10/2024						Dollar						Semiannual						Upon maturity						3.30		%				3.50		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$750,000						05/07/2024						Dollar						Semiannual						Upon maturity						6.89		%				6.50		%
93.007.000-9						SQM S.A.						Chile						564						H						01/05/2024						UF						Semiannual						Semiannual						1.58		%				4.90		%
93.007.000-9						SQM S.A.						Chile						699						O						02/01/2024						UF						Semiannual						Upon maturity						1.68		%				3.80		%
93.007.000-9						SQM S.A.						Chile						563						P						01/15/2024						UF						Semiannual						Upon maturity						1.41		%				3.25		%
93.007.000-9						SQM S.A.						Chile						700						Q						06/01/2024						UF						Semiannual						Upon maturity						2.41		%				3.45		%

Effective rates of bonds in Pesos and UF are expressed and calculated in Dollars based on the flows agreed in Cross Currency Swap Agreements.

																		Nominal amounts as of December 31, 2023																		Carrying amounts of maturities as of December 31, 2023
Company						Country						Series						Up to 90 days						90 days to 1 year						Total						Up to 90 days						90 days to 1 year						Subtotal						Borrowing costs						Total
																		ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM S.A.						Chile						ThUS$250,000						4,648						—						4,648						4,648						—						4,648						(433)						4,215
SQM S.A.						Chile						ThUS$450,000						—						2,869						2,869						—						2,869						2,869						(677)						2,192
SQM S.A.						Chile						ThUS$400,000						7,508						—						7,508						7,508						—						7,508						(235)						7,273
SQM S.A.						Chile						ThUS$700,000						7,554						—						7,554						7,554						—						7,554						(555)						6,999
SQM S.A.						Chile						ThUS$750,000						—						7,312						7,312						—						7,312						7,312						(1,521)						5,791
SQM S.A.						Chile						H						17,599						—						17,599						17,599						—						17,599						(172)						17,427
SQM S.A.						Chile						O						987						—						987						987						—						987						(82)						905
SQM S.A.						Chile						P						1,871						—						1,871						1,871						—						1,871						(12)						1,859
SQM S.A.						Chile						Q						—						359						359						—						359						359						(21)						338
Total																		40,167						10,540						50,707						40,167						10,540						50,707						(3,708)						46,999

Schedule of non-current bank borrowings

The following table shows the details of bank loans as of December 31, 2024:

Debtor

Creditor

Currency or adjustment index

Type of amortization

Effective rate

Nominal rate

Tax ID No.

Company

Country

Tax ID No.

Financial institution

Country

93.007.000-9

SQM S.A.

Chile

O-E

Banco Santander/Kexim

Spain/South Korea

Dollar

Upon Maturity

4.73

%

4.28

%

93.007.000-9

SQM S.A.

Chile

O-E

Banco Santander/Kexim

Spain/South Korea

Dollar

Upon Maturity

4.27

%

4.29

%

Debtor						Creditor						Nominal non-current maturities as of December 31, 2024																								Carrying amounts and maturities as of December 31, 2024
Company						Financial institution						Between 1 and 2						Between 2 and 3						Between 3 and 4						Total						Between 1 and 2						Between 2 and 3						Between 3 and 4						Subtotal						Costs of obtaining loans						Total
												ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM S.A.						Banco Santander/Kexim						—						—						100,000						100,000						—						—						100,000						100,000						(2,997)						97,003
SQM S.A.						Banco Santander/Kexim						—						—						36,000						36,000						—						—						36,000						36,000						(3,320)						32,680
Total												—						—						136,000						136,000						—						—						136,000						136,000						(6,317)						129,683

As of December 31, 2023

Debtor

Creditor

Currency or adjustment index

Type of amortization

Effective rate

Nominal rate

Tax ID No.

Company

Country

Tax ID No.

Financial institution

Country

93.007.000-9

SQM S.A.

Chile

O-E

Bank of Nova Scotia

Canada

Dollar

Upon Maturity

5.88

%

6.64

%

93.007.000-9

SQM S.A.

Chile

O-E

Banco Santander/Kexim

Spain/South Korea

Dollar

Upon Maturity

5.49

%

6.36

%

Debtor						Creditor						Nominal non-current maturities as of December 31, 2023																								Carrying amounts and maturities as of December 31, 2023
Company						Financial institution						Between 1 and 2						Between 2 and 3						Between 3 and 4						Total						Between 1 and 2						Between 2 and 3						Between 3 and 4						Subtotal						Costs of obtaining loans						Total
												ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
SQM S.A.						Bank of Nova Scotia						—						200,000						—						200,000						—						200,000						—						200,000						(1,648)						198,352
SQM S.A.						Banco Santander/Kexim						—						—						100,000						100,000						—						—						100,000						100,000						(2,834)						97,166
Total												—						200,000						100,000						300,000						—						200,000						100,000						300,000						(4,482)						295,518

Schedule of information about non-current maturities of unsecured obligations

The following table shows the details of “unsecured debentures that accrue non-current interest” as of December 31, 2024:

Debtor																		Number of registration or ID of the instrument																		Currency or adjustment index						Periodicity
Tax ID No.						Company						Country												Series						Maturity date												Payment of interest						Repayment						Effective rate						Nominal rate
93.007.000-9						SQM S.A.						Chile						—						ThUS$450,000						05/07/2029						Dollar						Semiannual						Upon maturity						4.14		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$400,000						01/22/2050						Dollar						Semiannual						Upon maturity						4.23		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$700,000						09/10/2051						Dollar						Semiannual						Upon maturity						3.45		%				3.50		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$750,000						11/07/2033						Dollar						Semiannual						Upon maturity						6.89		%				6.50		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$850,000						09/10/2034						Dollar						Semiannual						Upon maturity						5.86		%				5.50		%
93.007.000-9						SQM S.A.						Chile						564						H						01/05/2030						UF						Semiannual						Semiannual						4.76		%				4.90		%
93.007.000-9						SQM S.A.						Chile						699						O						02/01/2033						UF						Semiannual						Upon maturity						3.69		%				3.80		%
93.007.000-9						SQM S.A.						Chile						563						P						01/15/2028						UF						Semiannual						Upon maturity						3.24		%				3.25		%
93.007.000-9						SQM S.A.						Chile						700						Q						06/01/2038						UF						Semiannual						Upon maturity						3.54		%				3.45		%

						Nominal non-current maturities as of December 31, 2024																																				Carrying amounts and maturities as of December 31, 2024
Series						Over 1 year to 2						Over 2 years to 3						Over 3 Years to 4						Over 4 Years to 5						Over 5 years						Total						Over 1 year to 2						Over 2 years to 3						Over 3 Years to 4						Over 4 Years to 5						Over 5 years						Subtotal						Bond issuance costs						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
ThUS$450						—						—						—						—						450,000						450,000						—						—						—						—						450,000						450,000						(2,313)						447,687
ThUS$400						—						—						—						—						400,000						400,000						—						—						—						—						400,000						400,000						(5,644)						394,356
ThUS$700						—						—						—						—						700,000						700,000						—						—						—						—						700,000						700,000						(14,232)						685,768
ThUS$750						—						—						—						—						750,000						750,000						—						—						—						—						750,000						750,000						(12,590)						737,410
ThUS$850						—						—						—						—						850,000						850,000						—						—						—						—						850,000						850,000						(16,433)						833,567
H						—						—						—						—						63,087						63,087						—						—						—						—						63,087						63,087						(689)						62,398
O						—						—						—						—						57,830						57,830						—						—						—						—						57,830						57,830						(578)						57,252
P						—						—						—						—						115,659						115,659						—						—						—						—						115,659						115,659						(27)						115,632
Q						—						—						—						—						115,659						115,659						—						—						—						—						115,659						115,659						(270)						115,389
Total						—						—						—						—						3,502,235						3,502,235						—						—						—						—						3,502,235						3,502,235						(52,776)						3,449,459

As of December 31, 2023

Debtor																		Number of registration or ID of the instrument																		Currency or adjustment index						Periodicity
Tax ID No.						Company						Country												Series						Maturity date												Payment of interest						Repayment						Effective rate						Nominal rate
93.007.000-9						SQM S.A.						Chile						—						ThUS$250,000						01/28/2025						Dollar						Semiannual						Upon maturity						4.24		%				4.38		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$450,000						05/07/2029						Dollar						Semiannual						Upon maturity						4.14		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$400,000						01/22/2050						Dollar						Semiannual						Upon maturity						4.23		%				4.25		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$700,000						09/10/2051						Dollar						Semiannual						Upon maturity						3.45		%				3.50		%
93.007.000-9						SQM S.A.						Chile						—						ThUS$750,000						11/07/2033						Dollar						Semiannual						Upon maturity						6.89		%				6.50		%
93.007.000-9						SQM S.A.						Chile						564						H						01/05/2030						UF						Semiannual						Semiannual						4.76		%				4.90		%
93.007.000-9						SQM S.A.						Chile						699						O						02/01/2033						UF						Semiannual						Upon maturity						3.69		%				3.80		%
93.007.000-9						SQM S.A.						Chile						563						P						01/15/2028						UF						Semiannual						Upon maturity						3.24		%				3.25		%
93.007.000-9						SQM S.A.						Chile						700						Q						06/01/2038						UF						Semiannual						Upon maturity						3.54		%				3.45		%

						Nominal non-current maturities as of December 31, 2023																																				Carrying amounts and maturities as of December 31, 2023
Series						Over 1 year to 2						Over 2 years to 3						Over 3 Years to 4						Over 4 Years to 5						Over 5 years						Total						Over 1 year to 2						Over 2 years to 3						Over 3 Years to 4						Over 4 Years to 5						Over 5 years						Subtotal						Bond issuance costs						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
ThUS$250						250,000						—						—						—						—						250,000						250,000						—						—						—						—						250,000						(36)						249,964
ThUS$450						—						—						—						—						450,000						450,000						—						—						—						—						450,000						450,000						(2,991)						447,009
ThUS$400						—						—						—						—						400,000						400,000						—						—						—						—						400,000						400,000						(5,879)						394,121
ThUS$700						—						—						—						—						700,000						700,000						—						—						—						—						700,000						700,000						(14,787)						685,213
ThUS$750						—						—						—						—						750,000						750,000						—						—						—						—						750,000						750,000						(13,437)						736,563
H						—						—						—						—						83,887						83,887						—						—						—						—						83,887						83,887						(861)						83,026
O						—						—						—						—						62,915						62,915						—						—						—						—						62,915						62,915						(659)						62,256
P						—						—						—						—						125,830						125,830						—						—						—						—						125,830						125,830						(40)						125,790
Q						—						—						—						—						125,830						125,830						—						—						—						—						125,830						125,830						(287)						125,543
Total						250,000						—						—						—						2,698,462						2,948,462						250,000						—						—						—						2,698,462						2,948,462						(38,977)						2,909,485

Schedule of trade and other payables

						As of December 31, 2024																		As of December 31, 2023
Details trade and other payables						Current						Non-current						Total						Current						Non-current						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Accounts payable						448,154						—						448,154						441,780						—						441,780
Other accounts payable						1,007						—						1,007						2,163						—						2,163
Prepayments from customers						22,288						—						22,288						5,690						—						5,690
Total						471,449						—						471,449						449,633						—						449,633

Schedule of suppliers current and past due on payments

						Amounts according to payment periods as of December 31, 2024
Type of Supplier						Up to 30 Days						31 – 60 days						61 – 90 Days						91 – 120 days						121 – 365 days						366 and more days						Total
																																										ThUS$
Goods						290,688						5,248						66						25						1						—						296,028
Services						126,479						6,031						11						7						65						—						132,593
Others						40,353						159						4						—						—						—						40,516
Total						457,520						11,438						81						32						66						—						469,137

						Amounts according to payment periods as of December 31, 2023
Type of Supplier						Up to 30 Days						31 – 60 days						61 – 90 Days						91 – 120 days						121 – 365 days						366 and more days						Total
																																										ThUS$
Goods						246,789						2,654						2						—						1,653						—						251,098
Services						142,625						243						4						—						65						—						142,937
Others						50,335						—						—						—						7						—						50,342
Total						439,749						2,897						6						—						1,725						—						444,377

Suppliers past due on payments

						Amounts according to payment periods as of December 31, 2024
Type of Supplier						Up to 30 Days						31 – 60 days						61 – 90 Days						91 – 120 days						121 – 365 days						366 and more days						Total
																																										ThUS$
Goods						458						80						121						61						67						—						787
Services						443						—						—						9						2						—						454
Others						32						32						—						—						—						—						64
Total						933						112						121						70						69						—						1,305

						Amounts according to payment periods as of December 31, 2023
Type of Supplier						Up to 30 Days						31 – 60 days						61 – 90 Days						91 – 120 days						121 – 365 days						366 and more days						Total
																																										ThUS$
Goods						864						158						77						66						185						—						1,350
Services						1,557						57						24						8						19						—						1,665
Others						10						9						—						—						59						—						78
Total						2,431						224						101						74						263						—						3,093

Schedule of detailed information about financial assets

Description of financial assets						As of December 31, 2024																		As of December 31, 2023
						Current						Non-current						Total						Current						Non-current						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Cash and cash equivalent						1,377,851						—						1,377,851						1,041,369						—						1,041,369
Trade receivables due from related parties at amortized cost						28,706						—						28,706						43,253						—						43,253
Financial assets measured at amortized cost						1,061,262						20						1,061,282						1,316,797						20						1,316,817
Trade and other receivables						606,137						2,727						608,864						907,181						2,559						909,740
Total financial assets measured at amortized cost						3,073,956						2,747						3,076,703						3,308,600						2,579						3,311,179
Financial instruments for hedging purposes						15,405						2,930						18,335						8,527						15,993						24,520
Derivative financial instruments with effect in profit or loss (no hedge)						2,928						—						2,928						519						—						519
Financial assets classified as available for sale at fair value through other comprehensive income						—						57,756						57,756						—						232,268						232,268
Total financial assets at fair value						18,333						60,686						79,019						9,046						248,261						257,307
Total financial assets						3,092,289						63,433						3,155,722						3,317,646						250,840						3,568,486

Schedule of detailed information about financial liabilities

Description of financial liabilities						As of December 31, 2024																		As of December 31, 2023
						Current						Non-current						Total						Current						Non-current						Total
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
For hedging purposes through other comprehensive income						7,316						21,440						28,756						30,443						8,419						38,862
Derivative financial instruments with effect in profit or loss (non-hedging)						418						—						418						14,795						—						14,795
Financial liabilities at fair value						7,734						21,440						29,174						45,238						8,419						53,657
Bank loans						847,963						129,683						977,646						1,164,262						295,518						1,459,780
Unsecured obligations						307,771						3,449,459						3,757,230						46,999						2,909,485						2,956,484
Lease Liabilities						23,011						60,801						83,812						18,192						56,966						75,158
Trade and other payables						471,449						—						471,449						449,633						—						449,633
Total financial liabilities at amortized cost						1,650,194						3,639,943						5,290,137						1,679,086						3,261,969						4,941,055
Total financial liabilities						1,657,928						3,661,383						5,319,311						1,724,324						3,270,388						4,994,712

Schedule of fair value measurement of assets and liabilities

						As of December 31, 2024																		Measurement Methodology
Fair value measurement of assets and liabilities						Carrying Amount at Amortized Cost						Fair value (disclosure purposes)						Fair amount registered						Level 1						Level 2						Level 3
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Financial Assets
Cash and cash equivalents						1,377,851						1,377,851						—						1,377,851						—						—
Other current financial assets
-Time deposits						1,061,262						1,061,262						—						—						1,061,262						—
-Derivative financial instruments						—						—						—						—						—
-Forwards						—						—						2,615						—						2,615						—
-Options						—						—						313						—						313						—
-Hedging assets						—						—						—						—						—						—
-Swaps						—						—						15,405						—						15,405						—
Non-current accounts receivable						2,727						2,727						—						—						—						—
Other non-current financial assets:
-Other						20						20						—						—						20						—
-Equity instruments						—						—						57,756						57,756						—						—
-Hedging assets – Swaps						—						—						2,930						2,930						—						—
Other current financial liabilities
-Bank borrowings						847,963						848,800						—						—						848,800						—
-Derivative instruments						—						—						—						—						—						—
-Forwards						—						—						182						—						182						—
-Options						—						—						236						—						236						—
-Hedging liabilities – Swaps						—						—						7,316						—						7,316						—
-Swaps hedges, investments						—						—						—						—						—						—
-Cash flow hedges						—						—						—						—						—						—
-Unsecured obligations						307,771						313,107						—						—						313,107						—
Other non-current financial liabilities
-Bank borrowings						129,683						136,000						—						—						136,000						—
-Unsecured obligations						3,449,459						3,502,236						—						—						3,502,236						—
-Non-current hedging liabilities						—						—						21,440						—						21,440						—

						As of December 31, 2023																		Measurement Methodology
Fair value measurement of assets and liabilities						Carrying Amount at Amortized Cost						Fair value (disclosure purposes)						Fair amount registered						Level 1						Level 2						Level 3
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Financial Assets
Cash and cash equivalents						1,041,369						1,041,369						—						1,041,369						—						—
Other current financial assets
-Time deposits						1,316,797						1,316,797						—						—						1,316,797						—
-Derivative financial instruments
-Forwards						—						—						324						—						324						—
-Options						—						—						195						—						195						—
-Hedging assets						—						—						8,527						—						8,527						—
-Swaps						—						—						—						—						—						—
Non-current accounts receivable						2,559						2,559						—						—						—						—
Other non-current financial assets:
-Other						20						20						—						—						20						—
-Equity instruments						—						—						232,268						232,268						—						—
-Hedging assets – Swaps						—						—						15,993						15,993						—						—
Other current financial liabilities
-Bank borrowings						1,164,262						1,164,262						—						—						1,164,262						—
-Derivative instruments						—						—						—						—						—						—
-Forwards						—						—						14,525						—						14,525						—
-Options						—						—						270						—						270						—
-Hedging liabilities – Swaps						—						—						12,143						—						12,143						—
-Swaps hedges, investments						—						—						18,300						—						18,300						—
-Cash flow hedges						—						—						—						—						—						—
-Unsecured obligations						46,999						46,999						—						—						46,999						—
Other non-current financial liabilities
-Bank borrowings						295,518						295,518						—						—						295,518						—
-Unsecured obligations						2,909,485						2,909,485						—						—						2,909,485						—
-Non-current hedging liabilities						—						—						8,419						—						8,419						—

Schedule of net debt

Net debt						As of December 31, 2024						As of December 31, 2023
						ThUS$						ThUS$
Cash and cash equivalents						1,377,851						1,041,369
Other current financial assets						1,079,595						1,325,843
Other non-current financial hedge assets						2,930						15,993
Other current financial liabilities						(1,163,468)						(1,256,499)
Lease liabilities current						(23,011)						(18,192)
Other non-current financial liabilities						(3,600,582)						(3,213,422)
Non-current Lease liabilities						(60,801)						(56,966)
Total						(2,387,486)						(2,161,874)

Schedule of detailed information about changes in net debt

						As of December 31, 2023						From cash flow																		Not from cash flow												As of December 31, 2024
Net debt												Amounts from loans						Amounts from interests						Other cash (inflows)/outflows						Income statement						Equity and others
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Obligations with the public and bank loans						(4,416,264)						(371,131)						233,768						23,091						(204,340)						—						(4,734,876)
Financial instruments derived from hedging						(22,000)						(759)						7,057						—						(25,648)						12,594						(28,756)
Derivatives for investment hedges						(18,300)						—						—						(4,368)						22,533						135						—
Non-hedging derivatives in other financial liabilities						(14,795)						—						—						—						14,377						—						(418)
Current and non-current lease liabilities						(75,158)						22,288						2,820						—						(33,762)						—						(83,812)
Hedging derivatives – cash requirements for Australia’s business						1,437						—						—						—						—						(1,437)						—
Current and non-current financial liabilities						(4,545,080)						(349,602)						243,645						18,723						(226,840)						11,292						(4,847,862)
Cash and cash equivalents						1,041,369						—						(50,529)						329,897						57,114						—						1,377,851
Deposits that do not qualify as cash and cash equivalents						1,316,797						—						(46,547)						(230,017)						21,029						—						1,061,262
Debt hedging derivative financial instruments						24,520						—						—						—						(21,590)						—						2,930
Derivatives for investment hedges						—						—						—						—						15,405						—						15,405
Non-hedging derivatives on other financial assets						520						—						—						(345)						2,753						—						2,928
Current and Non-Current Financial Assets						2,383,206						—						(97,076)						99,535						74,711						—						2,460,376
Total						(2,161,874)						(349,602)						146,569						118,258						(152,129)						11,292						(2,387,486)

						As of December 31, 2022						From cash flow																		Not from cash flow												As of December 31, 2023
Net debt												Amounts from loans						Amounts from interests						Other cash (inflows)/outflows						Income statement						Equity and others
						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$						ThUS$
Obligations with the public and bank loans						(2,848,875)						(1,534,282)						117,145						18,346						(168,598)						—						(4,416,264)
Financial instruments derived from hedging						(39,681)						(18,927)						4,077						—						11,731						20,800						(22,000)
Derivatives for investment hedges						(29,984)						—						—						(10,082)						18,171						3,595						(18,300)
Non-hedging Derivatives in Other financial liabilities						(5,816)						—						—						—						(8,979)						—						(14,795)
Current and non-current lease liabilities						(61,734)						15,914						2,038						—						(31,376)						—						(75,158)
Current and non-current financial liabilities						(2,986,090)						(1,537,295)						123,260						8,264						(179,051)						24,395						(4,546,517)
Cash and cash equivalents						2,655,236						—						(53,539)						(1,615,863)						55,535						—						1,041,369
Deposits that do not qualify as cash and cash equivalents						950,167						—						(49,226)						341,742						74,114						—						1,316,797
Debt Hedging Derivative Financial Instruments						29,620						—						—						—						(5,100)						—						24,520
Derivatives for investment hedges						—						—						—						—						—						—						—
Non-hedging derivatives on other financial assets						4,174						—						—						(18,034)						14,380						—						520
Hedging derivatives – cash requirements for Australia’s business						7,139						—						—						1,183						(1,183)						(5,702)						1,437
Current and Non-Current Financial Assets						3,646,336						—						(102,765)						(1,290,972)						137,746						(5,702)						2,384,643
Total						660,246						(1,537,295)						20,495						(1,282,708)						(41,305)						18,693						(2,161,874)

X

- Definition

The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [domain]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 24A
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_24A&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for fair value measurement.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 13
-IssueDate 2024-01-01
-Section Disclosure
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS13_g91-99_TI
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfFairValueMeasurementExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfFinancialInstrumentsAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of financial liabilities. [Refer: Financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 7
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_7&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of trade and other payables. [Refer: Trade and other payables]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of trade and other receivables. [Refer: Trade and other receivables]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of a maturity analysis for derivative financial liabilities, including the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows. [Refer: Derivative financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2024-01-01
-Paragraph 39
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_39_b&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_MaturityAnalysisForDerivativeFinancialLiabilities
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about categories of financial assets [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutCategoriesOfFinancialAssetsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about categories of financial liabilities [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutCategoriesOfFinancialLiabilitiesTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about changes in net debt explanatory.

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutChangesInNetDebtExplanatoryTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about current maturities of unsecured obligations [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutCurrentMaturitiesOfUnsecuredObligationsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about expected credit exposure of accounts receivable based on aging analysis.

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutExpectedCreditExposureOfAccountsReceivableBasedOnAgingAnalysisTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of information about long-term bank borrowings.

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutLongTermBorrowingsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about movement in provision of trade receivables.

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutMovementInProvisionOfTradeReceivablesTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about net debt explanatory.

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutNetDebtExplanatoryTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about non current maturities of unsecured obligations [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutNonCurrentMaturitiesOfUnsecuredObligationsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about other financial assets [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutOtherFinancialAssetsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about other non current financial assets [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutOtherNonCurrentFinancialAssetsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of detailed information about short term borrowings [Text Block]

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutShortTermBorrowingsTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of detailed information about the current and past due suppliers

+ References

No definition available.

+ Details

Name:	sqm_DisclosureOfDetailedInformationAboutTheCurrentAndPastDueSuppliersTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the reconciliation of asset and liability hedging derivatives.

+ References

No definition available.

+ Details

Name:	sqm_ScheduleOfAssetAndLiabilityHedgingDerivativeTableTextBlock
Namespace Prefix:	sqm_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration