SQM Raises Lithium Sales Guidance as Recovery Gathers Pace

SQM reported a sharp increase in first-quarter profit and raised its annual lithium sales forecast, signaling improving fundamentals. The company said robust demand from battery storage systems is helping drive a recovery in lithium prices, a supportive backdrop for earnings and forward sales.

Analysis

SQM reported a sharp increase in first-quarter profit and raised its annual lithium sales forecast, signaling improving fundamentals. The company said robust demand from battery storage systems is helping drive a recovery in lithium prices, a supportive backdrop for earnings and forward sales.