{"product_id":"sqm-five-forces","title":"(SQM) Sociedad Química y Minera de Chile S.A. Porters Five Forces Research","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-List-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eA Must-Have Tool for Decision-Makers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eThis Sociedad Química y Minera de Chile S.A. Porter's Five Forces Analysis is a ready-made report used to assess competitive pressure, supplier and buyer power, substitutes, and new entrants. This page already shows a real preview of the analysis, so you can review the actual content before buying. Purchase the full version for the complete ready-to-use report.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-wrapper\"\u003e\n\u003cdiv class=\"container_new_design pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"sub-highlight-wrapper_heading\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Icon-1.svg\" alt=\"Icon\"\u003e\n\u003ch2\u003eSuppliers Bargaining Power\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy and utilities dependence\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSQM’s 2025 operations still depend on power, fuel, and water in a tight Chile supply chain, so suppliers can hold real leverage when grid or logistics bottlenecks hit. In continuous-process mining and chemical plants, switching inputs is slow and costly, which keeps supplier power meaningful. Chile’s energy mix was about 67% renewable in 2025, but local transmission and water constraints still limit SQM’s room to switch fast.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSpecialized process inputs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSpecialized reagents, plant equipment, and technical services are critical in Sociedad Química y Minera de Chile S.A.'s lithium, iodine, and nitrate lines, so a narrow vendor base can lift supplier power. SQM said its 2024 lithium output was about 210,000 tonnes LCE, which helps it negotiate on volume, but custom inputs still let vendors charge more or set tighter terms. That risk stays real because bottlenecks in certified process chemicals or maintenance services can hit output fast.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Suppliers-Image.png\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLogistics and export channels\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGlobal shipping, port access, and inland haulage can lift Sociedad Química y Minera de Chile S.A.'s export costs and affect on-time delivery. Sea freight still carries about 80% of world trade by volume, so tight vessel space or port delays can quickly hit an export-heavy business. That keeps logistics providers at moderate bargaining power.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eLabor and technical talent\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSkilled engineers, chemical specialists, and plant operators remain a key supplier input for Sociedad Química y Minera de Chile S.A., especially in lithium and iodine processing. In remote sites like the Salar de Atacama, hiring and keeping talent is harder, so the company can face wage pressure and less staffing flexibility.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSpecialized talent is hard to replace.\u003c\/li\u003e\n\u003cli\u003eRemote sites raise retention costs.\u003c\/li\u003e\n\u003cli\u003eTight labor markets lift wages.\u003c\/li\u003e\n\u003cli\u003eLess flexibility can squeeze margins.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThis makes supplier power moderate to high when technical labor is scarce, since shutdown risk, safety rules, and process know-how all depend on a narrow talent pool. Any shortage of process engineers or maintenance crews can slow output and raise unit costs.\u003c\/p\u003e\n\u003cp\u003eFor Sociedad Química y Minera de Chile S.A., labor is not just an operating cost; it is a constraint on production continuity and growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003ePermitting and local counterparties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePermitting and local counterparties are a real upstream lever for Sociedad Química y Minera de Chile S.A.: water, land, environmental, and community approvals can act like suppliers of operating access. In Chile, SQM’s Salar de Atacama brine and water rights sit under close state and community scrutiny, so any delay in permits, concessions, or infrastructure access can raise costs and slow output.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAccess can be constrained by approvals.\u003c\/li\u003e\n\u003cli\u003eWater and land rights add leverage.\u003c\/li\u003e\n\u003cli\u003eCommunity consent can delay operations.\u003c\/li\u003e\n\u003cli\u003eDelays can lift costs and cap volume.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupplier Power Stays Elevated for SQM Amid Chile’s Bottlenecks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSupplier power for Sociedad Química y Minera de Chile S.A. is moderate to high because 2025 output still depends on scarce power, water, reagents, and specialist labor in Chile. Custom inputs and remote sites make switching costly, while permits and local access can slow production. SQM’s 2024 lithium output of about 210,000 tonnes LCE helps on volume, but not on bottlenecks.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSupplier lever\u003c\/th\u003e\n\u003cth\u003e2025\/2026 signal\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eEnergy mix\u003c\/td\u003e\n\u003ctd\u003e67% renewable\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLithium output\u003c\/td\u003e\n\u003ctd\u003e210,000 tonnes LCE\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSea freight share\u003c\/td\u003e\n\u003ctd\u003e80% of world trade\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"product-includes\"\u003e\n\u003cdiv class=\"product-includes__container\"\u003e\n\u003ch2 id=\"product-includes-title\" class=\"product-includes__title\"\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-includes__grid\"\u003e\n\u003cdiv class=\"include-card\"\u003e\n\u003cdiv class=\"include-card__icon-wrap\"\u003e\n\u003cimg class=\"include-card__icon\" src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Detailed Word Document icon\"\u003e\n\u003c\/div\u003e\n\u003ch3 class=\"include-card__heading\"\u003e\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp class=\"include-card__text\"\u003eAssesses SQM’s competitive pressures, supplier and buyer power, entry threats, and substitute risks shaping profitability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"include-card\"\u003e\n\u003cdiv class=\"include-card__icon-wrap\"\u003e\n\u003cimg class=\"include-card__icon\" src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Customizable Excel Spreadsheet icon\"\u003e\n\u003c\/div\u003e\n\u003ch3 class=\"include-card__heading\"\u003e\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp class=\"include-card__text\"\u003eQuickly see SQM’s competitive pressure in one clear view—saving time on strategic analysis.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"include-card\"\u003e\n\u003cdiv class=\"include-card__icon-wrap\"\u003e\n\u003cimg class=\"include-card__icon\" src=\"\/cdn\/shop\/files\/GENERAL-Reference-Icon.svg\" alt=\"References icon\"\u003e\n\u003c\/div\u003e\n\u003ch3 class=\"include-card__heading\"\u003e\u003cstrong\u003eReference Sources\u003c\/strong\u003e\u003c\/h3\u003e\n\u003cp class=\"include-card__text\"\u003eProvides a credible source trail for SQM’s key assumptions, helping investors verify facts fast and make decisions with greater confidence.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"pr-shrt-dscr-wrapper\"\u003e\n\u003cdiv class=\"container_new_design pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"sub-highlight-wrapper_heading\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Icon-1.svg\" alt=\"Icon\"\u003e\n\u003ch2\u003eCustomers Bargaining Power\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBattery makers demand leverage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLarge cathode and battery makers buy lithium in huge lots, so they push hard on price and contract terms. That matters for Sociedad Química y Minera de Chile S.A. because lithium is a key input in cell costs, and buyers can switch suppliers when terms look weak. With battery demand still led by a few giant groups like CATL and LG Energy Solution in 2025, customer leverage stays high.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity buyers are price aware\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eBuyers have strong leverage because SQM sells many standardized inputs, so customers can compare offers across suppliers with little switching cost. Lithium carbonate spot prices fell more than 80% from the 2022 peak, and potash and industrial chemical buyers also bargain hard on price. That keeps margin pressure high, especially in commodity markets with thin product differentiation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Image.png\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAgricultural customer fragmentation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAgricultural buyers are highly fragmented: the world has over 570 million farms, so most farmers have little individual leverage. Still, large distributors can push on volume, payment terms, and delivery timing. Because crop prices and weather can swing demand fast, buyers stay cautious, so bargaining power is moderate, not weak.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eLong-term contracts soften pressure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSociedad Química y Minera de Chile S.A. can use multi-year supply deals to cut spot-market exposure and keep pricing steadier, which lowers customer power. Still, when lithium prices fall, buyers often push for resets or better terms, so leverage never disappears. In 2025, this mattered as lithium prices stayed far below their 2022 peak, making contract design a key defense.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMulti-year deals reduce spot exposure.\u003c\/li\u003e\n\u003cli\u003eLower prices can trigger renegotiation.\u003c\/li\u003e\n\u003cli\u003eContracts soften, not remove buyer power.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eSwitching options exist\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSwitching options are real for Sociedad Química y Minera de Chile S.A. buyers, especially in lithium and industrial chemicals, because supply is global and alternative suppliers are easy to reach. That lifts customer power when prices or service slip; lithium prices also cooled sharply from the 2022 spike, which made buyers more willing to re-source.\u003c\/p\u003e\n\u003cp\u003eLarger customers can split volumes across producers in Chile, Australia, China, and the U.S., so no single supplier has a lock-in. In a market where lithium output is measured in hundreds of thousands of tonnes and industrial chemicals are widely traded, even small service gaps can trigger order shifts.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eGlobal supply gives buyers backup options.\u003c\/li\u003e\n\u003cli\u003eLow switching cost raises buyer leverage.\u003c\/li\u003e\n\u003cli\u003eBig customers can pressure pricing.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrong Buyer Power Keeps Pressure on SQM’s Lithium Pricing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eBargaining power of customers is high for Sociedad Química y Minera de Chile S.A. because lithium and industrial chemical buyers are few, large, and easy to switch between suppliers. With lithium prices still far below the 2022 peak in 2025, buyers pressed harder on price and contract resets. Multi-year deals help, but they only soften this leverage.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eDriver\u003c\/th\u003e\n\u003cth\u003eLatest signal\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBuyer scale\u003c\/td\u003e\n\u003ctd\u003eCATL, LG Energy Solution\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrice pressure\u003c\/td\u003e\n\u003ctd\u003eLithium \u0026gt;80% below 2022 peak\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSwitching cost\u003c\/td\u003e\n\u003ctd\u003eLow\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eSociedad Química y Minera de Chile S.A. Porter's Five Forces Analysis\u003c\/h2\u003e\n\u003cp\u003eThis preview shows the exact Sociedad Química y Minera de Chile S.A. Porter's Five Forces Analysis you'll receive after purchase—no edits, no placeholders, and no surprises. It’s the same professionally prepared document, fully formatted and ready to use the moment your payment is complete. What you’re viewing now is the final file you’ll download instantly.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview-Image.png\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-wrapper\"\u003e\n\u003cdiv class=\"container_new_design pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"sub-highlight-wrapper_heading\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Rivalry-Icon-1.svg\" alt=\"Icon\"\u003e\n\u003ch2\u003eRivalry Among Competitors\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal lithium oversupply risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGlobal lithium rivalry stays intense for Sociedad Química y Minera de Chile S.A. as new supply keeps coming from Australia, China, Argentina, and Africa. Lithium carbonate prices in China fell below $10,000 per ton in 2025 after topping $80,000 in 2022, showing how fast oversupply can hit margins. When prices improve, producers rush to add capacity, so pressure on SQM stays high.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eChilean brine competition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eChilean brine rivalry is intense because SQM competes mainly with Albemarle in the Atacama Salar, where access to scarce pumping rights and low-cost deposits drives the fight. Shared geography makes unit costs easy to compare, so even small gaps in evaporation, brine grade, and recoveries matter. With spot lithium carbonate prices still far below the 2022 peak, producers are pushing harder for volume and cost control, sharpening rivalry.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Rivalry-Image.png\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIodine market competition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIodine rivalry is moderate because only a few global producers compete, but customers still compare purity, delivery, and price closely. Chile and Japan supply most of the world’s iodine, and Chile alone accounts for roughly 60% of global output, so shifts in demand can quickly pressure margins when growth slows.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eFertilizer and industrial peers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePotassium and industrial chemical markets are crowded with global players that have large mines, port access, and low freight costs, so scale still wins. In commoditized grades, buyers care more about price, delivery, and contract reliability than brand, which keeps switching easy and rivalry sharp.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eScale and logistics drive advantage.\u003c\/li\u003e\n\u003cli\u003ePrice matters more than branding.\u003c\/li\u003e\n\u003cli\u003eCommodity grades face tight competition.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eFor Sociedad Química y Minera de Chile S.A., that means margin pressure rises when peers add supply or push discounting, especially in potassium and industrial chemicals. Service levels and supply security can help, but they do not fully offset weak product differentiation.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eCapacity and pricing cycles\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCapacity and pricing cycles keep rivalry high for Sociedad Química y Minera de Chile S.A. because lithium supply has kept expanding faster than demand in weak years, then firms fight harder when prices fall. The result is fast discounting, lower contract prices, and tougher renewal talks. In 2025, this still mattered as the market stayed well below the 2022 peak.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eBooms trigger new capacity.\u003c\/li\u003e\n\u003cli\u003eDownturns trigger price cuts.\u003c\/li\u003e\n\u003cli\u003eContracts reset at lower prices.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSQM Faces Fierce Price War as Lithium Oversupply Persists\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCompetitive rivalry stays high for Sociedad Química y Minera de Chile S.A. because lithium is still oversupplied and prices remain far below the 2022 peak. In 2025, China lithium carbonate prices fell below $10,000\/ton, so peers kept cutting prices and chasing volume. Chile’s brine race is especially tight versus Albemarle, while potassium and industrial chemicals face heavy price-based competition.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eArea\u003c\/th\u003e\n\u003cth\u003e2025 signal\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLithium carbonate\u003c\/td\u003e\n\u003ctd\u003e\u0026lt;$10k\/ton\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2022 peak\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;$80k\/ton\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eChile lithium share\u003c\/td\u003e\n\u003ctd\u003e~60%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-wrapper\"\u003e\n\u003cdiv class=\"container_new_design pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"sub-highlight-wrapper_heading\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Customers-Icon-1.svg\" alt=\"Icon\"\u003e\n\u003ch2\u003eSubstitutes Threaten\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eBattery chemistry alternatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSociedad Química y Minera de Chile S.A. faces real substitute risk as sodium-ion, higher-energy LFP, and future solid-state batteries can cut lithium use per kWh or shift demand toward other chemistries. LFP already dominates low-cost EV batteries in China, where CATL and BYD have scaled it hard, so pressure on lithium intensity is not theory. The threat is still modest today, but it rises over time, especially in price-sensitive segments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCrop nutrient alternatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCrop buyers can swap fertilizer blends or shift to other potassium and nitrogen inputs, so substitution is real even if yield response limits it. Global potash demand is about 70 million tonnes a year, and price swings still push farms to test cheaper mixes. That keeps Sociedad Química y Minera de Chile S.A.'s pricing power in plant nutrition products under pressure.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Substitutes-Image.png\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIodine replacement pressure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIodine replacement pressure is moderate for Sociedad Química y Minera de Chile S.A. because some imaging and industrial uses can switch to other chemistries or methods, especially as MRI and non-iodine processes expand in 2025. Still, many medical and specialty uses need iodine’s unique performance, so substitution is slow and uneven. Over time, that can trim volumes, but not sharply.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eIndustrial input reformulation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCertain industrial uses of Sociedad Química y Minera de Chile S.A. chemicals can be redesigned around other process materials, so substitution risk stays real in niche segments. Customers may reformulate to lower cost or improve sustainability, especially when lithium and specialty inputs face price swings. That keeps switching pressure alive even when demand is sticky.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eProcess redesign can replace SQM inputs.\u003c\/li\u003e\n\u003cli\u003eCost and ESG goals drive reformulation.\u003c\/li\u003e\n\u003cli\u003eNiche uses face the highest substitute risk.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eEfficiency and recycling\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eHigher material efficiency and recycling can cut demand for virgin lithium and specialty chemicals, so they pressure Sociedad Química y Minera de Chile S.A.'s long-run volume growth. Battery recycling is the key risk: the IEA says lithium recovery from spent batteries could meet a rising share of demand as EV batteries reach end of life.\u003c\/p\u003e\n\u003cp\u003eThe effect is still early, but it matters because EV sales hit 17.1 million in 2024, expanding the future scrap stream. For Sociedad Química y Minera de Chile S.A., this is a medium-term substitute threat, not a near-term shock.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLess virgin input demand\u003c\/li\u003e\n\u003cli\u003eRecycling lifts lithium supply\u003c\/li\u003e\n\u003cli\u003eEV scrap grows with sales\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSubstitutes Pressure Rises for SQM as Battery Recycling Grows\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThreat of substitutes for Sociedad Química y Minera de Chile S.A. is moderate now but rises over time. Sodium-ion, LFP, and future solid-state batteries can cut lithium intensity, while reformulated fertilizers and process redesign can replace some inputs. Recycling is the bigger long-run risk: EV sales reached 17.1 million in 2024, expanding future scrap supply.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSubstitute pressure\u003c\/th\u003e\n\u003cth\u003eKey data\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLithium batteries\u003c\/td\u003e\n\u003ctd\u003e17.1 million EVs sold in 2024\u003c\/td\u003e\n\u003ctd\u003eMedium, rising\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCrop inputs\u003c\/td\u003e\n\u003ctd\u003e~70 million tonnes potash demand\u003c\/td\u003e\n\u003ctd\u003eModerate\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRecycling\u003c\/td\u003e\n\u003ctd\u003eMore end-of-life batteries\u003c\/td\u003e\n\u003ctd\u003eMedium long term\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-wrapper\"\u003e\n\u003cdiv class=\"container_new_design pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"sub-highlight-wrapper_heading\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Entrants-Icon-1.svg\" alt=\"Icon\"\u003e\n\u003ch2\u003eEntrants Threaten\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital intensity barrier\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eBuilding lithium, iodine, or specialty chemical capacity is capital heavy: a new lithium plant can cost over US$1 billion, and brine projects also need ponds, power, water, and environmental controls. SQM’s scale, built over decades in Chile’s Atacama Desert, makes it hard for a newcomer to match its low-cost position. That upfront spend and long permitting cycle keep the threat of new entrants low.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResource access constraints\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eResource access sharply limits new entry in Sociedad Química y Minera de Chile S.A.’s markets because high-grade lithium brines and long-life mineral reserves are scarce and usually tied up in existing leases. In Chile’s Salar de Atacama, the key brine base is already controlled by incumbents, so a newcomer cannot easily replicate Society Química y Minera de Chile S.A.’s asset position. That scarcity makes entry costly and slow, so the threat of new entrants stays low.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/5FORCES-Content-Entrants-Image.png\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePermitting and ESG hurdles\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eEnvironmental approvals, water rights, and community consent can take 3+ years in Chile, and that delay raises the bar for any new miner. SQM’s Atacama assets face extra scrutiny because Chile now pairs stricter ESG rules with tighter social expectations. That mix makes entry costly, slow, and uncertain, which keeps the threat of new entrants low.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eScale and learning advantages\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSQM’s scale and learning curve make entry hard. In 2024, Sociedad Química y Minera de Chile S.A. produced about 205,000 metric tons of lithium carbonate equivalent, so a new player would need years to match its yields, quality, and supply reliability. SQM also has long ties with EV and battery customers, which lowers the chance of fast customer switching.\u003c\/p\u003e\n\u003cp\u003eIts operating base in Chile’s salar assets gives it a cost and process edge that entrants cannot copy quickly. New rivals would need heavy capex, permits, and technical learning before they can compete on price and consistency.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLarge output supports low unit costs.\u003c\/li\u003e\n\u003cli\u003eProcess know-how improves yield and quality.\u003c\/li\u003e\n\u003cli\u003eCustomer ties slow new entrant access.\u003c\/li\u003e\n\u003cli\u003ePermitting and ramp-up take years.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003ch3\u003eMarket volatility discourages entry\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eMarket volatility keeps the threat of new entrants moderate to low for Sociedad Química y Minera de Chile S.A. In 2025, lithium spot prices stayed far below 2022 peaks, with battery-grade carbonate near the low teens per kg in China, so late entrants risked locking in high-capex projects at the wrong point in the cycle.\u003c\/p\u003e\n\u003cp\u003eFinancing also tightens when investors expect downturns, especially after lithium and potash swings hit margins across 2024-2025. That raises the bar for new mines, processing plants, and brine projects, since lenders want stronger price cover and longer payback certainty.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePrice swings punish bad timing.\u003c\/li\u003e\n\u003cli\u003eCapital gets harder to raise.\u003c\/li\u003e\n\u003cli\u003eEntry risk stays moderate to low.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-box-border\"\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Checkmark-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh barriers keep new lithium entrants out of SQM’s market\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThreat of new entrants for Sociedad Química y Minera de Chile S.A. stays low. A new lithium project can need over US$1 billion, while Chile permits, water rights, and community approvals can take 3+ years, and the Salar de Atacama brine base is already tied to incumbents.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eBarrier\u003c\/th\u003e\n\u003cth\u003eData\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003eUS$1B+ per plant\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLead time\u003c\/td\u003e\n\u003ctd\u003e3+ years\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eScale\u003c\/td\u003e\n\u003ctd\u003e205,000 t LCE in 2024\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"DCF Analyst","offers":[{"title":"Default Title","offer_id":57234962252041,"sku":"sqm-five-forces","price":5.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0942\/8045\/0313\/files\/sqm-five-forces.webp?v=1785732417","url":"https:\/\/dcfanalyst.com\/products\/sqm-five-forces","provider":"DCF Analyst","version":"1.0","type":"link"}