SQM said in December the capital would be used to fund a $1.9 billion, four-year investment plan, which aims to more than double its capacity to produce lithium.
Sky-rocketing copper prices, combined with a major bump in economic activity expected as a result of its fast-paced vaccination drive could see Chile's gross domestic product jump 6% in 2021.
There are signs that China is already tightening credit, which may result in slower spending on copper intensive infrastructure and construction projects.