Total capital expenditure in 2023 was close to US$1.1 billion. For the period 2024-2025, total capex is expected to be approximately US$2.4 billion, including:
- US$1.4 billion related to lithium capacity expansion projects in Chile, including US$130 million of maintenance.
- US$700 million related to nitrates and iodine capacity expansion project in Chile, including US$160 million of maintenance.
- US$340 million related to Mt. Holland lithium project in Australia and exploration projects.
The capex for 2024 is expected to be approximately US$1.3 billion, including maintenance.
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