Sociedad Quimica y Minera de Chile S.A. Earnings Recaps
Q3 2025
Nov 20, 2025
SQM reported a strong third quarter for 2025, highlighted by record lithium sales volumes and improved pricing, driven by robust demand in the electric vehicle and energy storage sectors.
Key takeaways
- Achieved highest lithium sales volumes in company history, supported by operational efficiencies at Atacama.
- Average realized lithium prices increased amid favorable market conditions; robust demand growth anticipated to continue.
- Iodine prices remained high, with revenues up 5% year-on-year, supported by ongoing construction of the seawater pipeline.
- Planned capital expenditure of $2.7 billion for 2025-2027 to focus on production capacity expansion and sustainability initiatives.
- Joint venture approval with Codelco received from China, with expectations to advance before year-end.