Record Lithium Sales Volumes
SQM delivered the highest lithium sales volumes in its history, supported by low cost and strong efficiencies at their Atacama operations.
Strong Demand Fundamentals
Demand for lithium remains strong, driven by electric vehicles and energy storage systems, which account for more than 20% of global lithium demand.
Expansion in Iodine Production Capacity
SQM is expanding iodine production capacity by 1,500 tons through the development of a third operation in Maria Elena.
Positive Pricing Environment for Lithium
Realized average prices for lithium increased, with expectations for this positive trend to continue in the fourth quarter.
Approval for Joint Venture with Codelco
SQM received approval from China's antitrust authority for a joint venture with Codelco, expected to advance before the end of the year.
Stable Performance in Iodine and Plant Nutrition
Iodine prices remain high with balanced supply-demand, and the Specialty Plant Nutrition business showed sustainable growth in volumes and revenues.