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Other current and non-current non-financial assets (Tables)
12 Months Ended
Dec. 31, 2023
Other Current And Non-Current Non-Financial Assets  
Schedule of other current and non-current non-financial assets
As of December 31, 2023, and 2022, the detail of “Other Current and Non-current Assets” is as follows:
Other non-financial assets, currentAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Domestic Value Added Tax63,973 81,361 
Foreign Value Added Tax24,889 66,926 
Prepaid mining licenses1,299 1,122 
Prepaid insurance15,022 33,896 
Other prepayments3,204 1,230 
Refund of Value Added Tax to exporters19,929 3,020 
Other taxes6,142 7,512 
Other assets2,292 1,268 
Total136,750 196,335 
Other non-financial assets, non-currentAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Exploration and evaluation expenses57,458 44,023 
Guarantee deposits950 717 
Foreign VAT (1)308,084
Other non-current assets7,208 7,656 
Total373,700 52,396 
________________________________________________
(1) Value-added taxes to be recovered from the commercial office of SQM Shanghai Chemicals Co. Ltd., where that recovery is expected to take longer than 12 months.
Schedule of changes in assets for exploration and mineral resource evaluation
Movements in assets for the exploration and evaluation of mineral resources as of December 31, 2023, and 2022:
ReconciliationAs of
December 31,
2023
As of
December 31,
2022
As of
December 31,
2021
ThUS$ThUS$ThUS$
Opening balance44,023 26,752 17,883 
Changes
Additions12,002 11,341 8,071 
Reclassifications from/to short-term (inventory)1,049 (465)83 
Amortization of ground studies(2,131)(2,421)(1,360)
Reclassification from construction in progress2,515 8,816 2,075 
Total changes13,435 17,271 8,869 
Ending balance (*)57,458 44,023 26,752 
As of December 31, 2023 and 2022, no reevaluations of assets for exploration and assessment of mineral resources have been conducted.
(*) This corresponds to the sum of expenditures for economically feasible exploration and exploration under operation (long-term).
Schedule of exploration and evaluation explanatory
Explorations in executionAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Chile9,062 3,699 
Total9,062 3,699 
Schedule of detailed information about conciliation of explorations in execution
Conciliation of explorations in executionAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Opening balance3,699 1,000 
Disbursements6,095 4,227 
Reclassifications(732)(1,528)
Total changes5,363 2,699 
Total9,062 3,699 
Schedule of detailed information about reimbursements for exploration and evaluation
ProspectingType of ExplorationAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Chile (1)Metallic/Non-Metallic50,844 36,327 
Total50,844 36,327 
________________________________________________
(1)The value presented for Chile is composed as of December 2023 of ThUS 13,803 corresponding to non-metallic exploration and evaluation and ThUS$ 37,041 associated with metallic exploration. In December 2022, the amounts of non-metallic and metallic exploration were ThUS$ 11,417 ThUS$24,910.
Schedule of detailed information about reconciliation of economically feasible metalic explorations
Prospecting conciliationAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Opening balance36,327 18,154 
Additions12,002 11,341 
Reclassifications from Exploration in execution – Chile2,515 8,864 
Reclassifications to Exploration in Exploitation-Chile— (2,032)
Total changes14,517 18,173 
Total50,844 36,327 
Schedule of detailed information about short term and long term exploitation conciliation
Short-Term Exploitation ConciliationAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Opening balance1,700 1,235 
Amortization of ground studies— — 
Reclasifications from/to short term (inventories)(1,049)465 
Total changes(1,049)465 
Total651 1,700 
Long-Term Exploitation ConciliationAs of
December 31,
2023
As of
December 31,
2022
ThUS$ThUS$
Opening balance7,696 8,598 
Amortization of ground studies(2,131)(2,421)
Reclasifications from/to short term (inventories)1,049 1,519 
Total changes(1,082)(902)
Total6,614 7,696