Shares of Sociedad Quimica Y Minera De Chile SA (SQM) surged 5.05% in pre-market trading on Wednesday, buoyed by a combination of strong Q3 earnings, positive lithium market outlook, and regulatory approval for a key joint venture.
The Chilean lithium giant reported impressive Q3 2025 results, with revenue reaching $1.173 billion, up 8.9% year-over-year. Net profit soared 35.8% to $178 million, driven by a 21.4% increase in lithium and derivatives sales. The company's CEO, Ricardo Ramos, expressed optimism about the continued upward trend in Q4, supported by robust demand from the electric vehicle (EV) and energy storage sectors.
Adding to the positive sentiment, Chinese regulators approved SQM's joint venture with Codelco for lithium extraction in the Atacama Salt Flat. This regulatory green light is seen as a significant step forward for SQM's expansion plans. Furthermore, SQM's critical role in Tesla's battery supply chain and its recent momentum ranking increase have attracted investor attention, highlighting the company's strong position in the growing EV market.
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