Sociedad Quimica Y Minera De Chile SA (SQM) saw its stock price soar 5.11% during intraday trading on Thursday.
The surge follows positive developments including an optimistic lithium price outlook from company executives and the successful launch of a strategic joint venture. SQM executive Carlos Diaz recently stated that the company expects lithium carbonate prices to remain anchored within the range of $15–$18 per kilogram throughout the year, with only short-term fluctuations anticipated.
Additionally, the lithium joint venture formed between SQM and Chilean state copper giant Codelco has commenced operations, with initial output slightly exceeding expectations. The strategic partnership, widely dubbed a "national lithium team," continues to draw significant market attention as it consolidates Chile's dominant position in global lithium supply.