On June 11, Sociedad Quimica y Minera de Chile (SQM) rose 8.46% in regular trading, trading at $80.50/share, with turnover of $69.17 million. The rally comes amid a broad lithium sector surge and multiple bullish catalysts.

Deutsche Bank recently maintained its Buy rating on SQM with a $105 price target, implying nearly 40% upside. The bank highlighted SQM's deep exposure to the lithium spot market, projecting average lithium product prices of $18.6/kg in the current year versus $8.9/kg in the prior year, which would significantly boost EBITDA. Separately, Berenberg raised its target from $56 to $66. The consensus mean price target stands at $85.11 with an average overweight rating.

Fundamental tailwinds are accelerating. June supply-demand data shows the lithium market maintaining a deficit of approximately 11,505 tons, with destocking intensifying. China's anticipated reduction of battery cell export tax rebates to 0% by early next year is expected to trigger aggressive pre-stocking in the second half, directly boosting upstream lithium salt consumption. Within the Specialty Chemicals sector, Albemarle gained 7.85%, reinforcing broad lithium sector strength.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)