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SQM REPORTS EARNINGS FOR THE FIRST NINE MONTHS OF 2010

Santiago, Chile, November 23, 2010.- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today earnings for the first nine months of 2010 of US$276.3 million (US$1.05 per ADR), an increase of 6.5% with respect to the same period of 2009, when earnings totaled US$259.4 million (US$0.99 per ADR). Gross Margin reached US$454.4 million (34.3% of revenues), 11.5% higher than the US$407.5 million (38.7% of revenues) recorded during the first nine months of 2009. Revenues totaled US$1,324.7 million for the first nine months, representing an increase of 25.9% over the US$1,052.2 million reported in the same period of 2009.



SQM MIGAO inaugurates a new potassium production facility in Chengdu, China.   SQM VITAS Inaugurates new phosphate production line in Jafza, Dubai

SQM MIGAO, the business alliance between SQM, the worldwide leader company in Specialty Plant Nutrition, Iodine and Lithium, and Migao Corporation, one of the main producers of potash in China, has inaugurated its new production facility in Chengdu, Sichuan Province, China. The inauguration was attended by Mr. Patricio Contesse, SQM's CEO, Mr. Liu Guocai, Migao Corporation's CEO and several senior executives representing SQM and Migao Corporation.

 
SQM VITAS, the business alliance between SQM and the Roullier Group, two of the largest companies in the world in the specialty plant nutrition, specialty animal nutrition and professional hygiene markets, today inaugurated its new production line in the Jebel Ali Free Zone. The inauguration was honored by the presence of H.E. Dr Rashid Ahmed Bin Fahad, Minister of Environment and Water.




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