Company: SQM
Filing Date: 2025-04-03
Form Type: 6-K
Source: 0000909037-25-000010
Chunk: 82

Company: CHEMICAL & MINING CO OF CHILE INC
Filing Date: 2025-04-03
Form: 6-K
Chunk 82
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 31, 2023 ThUS$ ThUS$ Raw material 58,212 61,098 Production supplies 91,914 77,810 Products-in-progress 698,134 744,217 Finished product 853,925 891,469 Total 1,702,185 1,774,594 As of December 31, 2024, 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 as part of finished products amounted to ThUS$ 138,625, while as of December 31, 2023, this balance was ThUS$ 164,029. As of December 31, 2024 and 2023, 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 inventory As of December 31, 2024 As of December 31, 2023 ThUS$ ThUS$ Raw material and supplies for production 5,082 7,724 Products in progress 75,100 104,970 Finished product 34,450 21,074 Total 114,632 133,768 The Company has not pledged inventory as collateral for the periods indicated above.

Notes to the Consolidated Financial Statements December 31, 2024 67 As of December 31, 2024 and 2023, movements in provisions are detailed as follows: Reconciliation As of December 31, 2024