Lithium Giant Predicts Higher Sales as Expansion Plans Pay Off
- SQM sees strong demand from main clients in Korea and Japan
- Expansion in Chile progressing better than initially expected
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Two months after disappointing the market with its annual results, the world’s second-largest lithium miner said an expansion is faring better than expected and sales probably will beat its forecasts for this year.
Santiago-based Soc. Quimica y Minera de Chile SA will exceed its sales target of just under 50,000 tons of lithium as output ramps up at its operations in the Atacama salt flat, according to the company’s commercial vice president of lithium and iodine Felipe Smith.