Company: SQM
Filing Date: 2025-03-05
Form Type: 6-K
Source: 0000909037-25-000007
Chunk: 3

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-03-05
Form: 6-K
Chunk 3
---
 2023. As a result, our average realized price dropped by more than 64%, from US$30,467 per ton in 2023 to US$10,936 per ton in 2024. In the fourth quarter, we achieved record-high quarterly sales, reaching approximately 58,000 metric tons of LCE, which includes our first sales of spodumene concentrate. For 2025, we expect an increase of approximately 15% in our sales volumes compared to 2024, including sales of around 10,000 metric tons of LCE from the Mt. Holland operation. We also anticipate that the average realized price in 2025 should be lower than in 2024, with first quarter of 2025 prices slightly below those recorded in the fourth quarter of 2024. Gross profit (3) for the Lithium and Derivatives segment accounted for 43.3% of SQM’s consolidated gross profit for the twelve months ended December 31, 2024. Specialty Plant Nutrition (SPN) Revenues from our Specialty Plant Nutrition business line for the twelve months ended December 31, 2024 totaled US$941.9 million, a slight increase when compared to US$913.9 million reported for the twelve months ended December 31, 2023.

| SQM S.A. 4Q2024 Earnings release |     | 2 |

Revenues from our Specialty Plant Nutrition business line for the fourth quarter of 2024 totaled US$224.6 million, representing a 0.4% increase when compared to US$223.7 million reported for the fourth quarter of 2023. Specialty Plant Nutrition Sales Volumes and Revenues:

|                                                |     |        |     | 12M2024 |     |       |     | 12M2023 |     |       |     | 2024/2023 |      |       |     |    |       |
| Specialty Plant Nutrition Total Volumes        |     | Th. MT |     |         |     | 982.9 |     |         |     | 840.2 |     |           |      | 142.7 |     | 17 | %     |
| Sodium Nitrate                                 |     | Th. MT |     |         |     |  12.5 |     |         |     |  16.7 |     |           |      |  -4.3 |     |    | (26)%