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Chile’s lithium sector is accelerating as SQM reports a sharp rise in quarterly profits and raises its outlook for lithium operations after outperforming expectations. The company’s stronger results reflect booming demand for battery-grade lithium used in electric vehicles and grid storage. Complementing SQM’s momentum, state-owned Codelco is partnering with SQM on a major lithium project, with the two allocating $3 billion to develop reserves—an investment signaling Chile’s push to capture more value from its lithium riches and support global clean energy supply chains.
SQM's stronger results and increased lithium outlook indicate accelerating demand for battery-grade lithium, affecting supply chains for EVs and grid storage. The $3 billion joint investment with Codelco signals major capital deployment in Chile, important for procurement, project planning, and regional mining strategy.
Dossier last updated: 2026-05-27 14:57:40
智利国家铜业公司(Codelco)和SQM公司将向智利锂项目投入30亿美元
智利锂生产商SQM季度利润大幅增长
SQM上调锂业务预期,业绩超预期
智利国家铜业公司(Codelco)和SQM公司为智利锂项目拨款30亿美元