Welcome to our dedicated page for Sociedad Quimica y Minera news (Ticker: SQM), a resource for investors and traders seeking the latest updates and insights on Sociedad Quimica y Minera stock.
Sociedad Química y Minera de Chile S.A. (SQM) generates frequent newsflow through its earnings releases, partnership announcements and regulatory updates. As a global producer active in lithium, potassium nitrate, iodine, Specialty Plant Nutrition and thermo-solar salts, the company regularly reports on segment performance, pricing trends and sales volumes across these product lines.
Investors following SQM news will see detailed quarterly and interim results, including revenues, net income, gross profit and segment contributions for lithium and derivatives, Specialty Plant Nutrition, iodine and derivatives and potassium. The company’s releases often highlight record lithium sales volumes, changes in realized prices, developments in the iodine market and demand dynamics in its fertilizer and plant nutrition businesses.
News about SQM also covers strategic initiatives such as the public-private association with Codelco for the Salar de Atacama, progress on the Mt. Holland Lithium Project and the Kwinana refinery in Australia, and the launch and activity of the International Lithium Division. Additional items include capital expenditure plans, bond issuances in the Chilean market and recognition related to responsible mining standards at the Salar de Atacama.
Because SQM operates in markets linked to electric vehicles, energy storage, agriculture and health-related applications, its announcements can reflect shifts in demand for lithium, plant nutrition products and iodine. The news page aggregates these company communications and related coverage so readers can review how SQM describes its operating environment, project milestones and financial performance over time.
SQM (NYSE: SQM) reported financial results for H1 2025, with total revenues of US$2,079.3 million, down 12.6% from US$2,378.1 million in H1 2024. The company posted net income of US$226.0 million (US$0.79 per share), compared to a net loss of US$(655.9) million in the same period last year.
Q2 2025 performance showed net income of US$88.4 million (US$0.31 per share), declining 58.6% year-over-year. The quarter was impacted by lower lithium market prices, affecting contracted volumes. Despite challenges, SQM expects 10% growth in sales volumes from Salar de Atacama operations compared to last year.
Notably, SQM announced the completion of the Kwinana refinery in Australia through Covalent, its joint venture with Wesfarmers. The facility achieved first production in July and is expected to produce 50,000 tons of battery-grade lithium hydroxide annually after an 18-month ramp-up period.
SQM reported financial results for the nine months ended September 30, 2024, showing a significant decline in performance. Total revenues decreased 43.9% to US$3,455.0 million, compared to US$6,155.9 million in the same period last year. The company recorded a net loss of US$524.5 million (US$1.84 per share), versus a net income of US$1,809.5 million (US$6.33 per share) in 2023. Despite challenging market conditions, SQM achieved solid sales volumes across its lithium, iodine, and fertilizer businesses. Lithium sales volumes grew 18% year-on-year, though prices declined 24% from Q2 2024. The Specialty Plant Nutrition segment showed strong performance with over 20% volume growth.
LiTHOS Group (CBOE CA: LITS) has provided a Q3 corporate and operational update, highlighting significant advances in their AcQUA™ and TiERRA™ technologies for sustainable lithium production. The company has successfully validated its AcQUA™ technology in collaboration with Sociedad Quimica y Minera de Chile (SQM), demonstrating high-purity lithium recovery while removing impurities. LiTHOS is also in advanced discussions with other major lithium producers and DLE technology companies.
The company's TiERRA™ technology, a post-DLE solution for responsible brine re-injection, has garnered interest from two large customers under contract. LiTHOS has secured Phase II funding through the U.S. Department of Energy's FASTRACK program and is pursuing a multi-million-dollar Phase III 'Commercialization' grant. The company has also filed a special petition to expedite the issuance of a fundamental process patent for their electro-pressure membrane method.
SQM reported net loss of US$655.9 million for the six months ended June 30, 2024, compared to net income of US$1,330.1 million in the same period last year. Total revenues decreased 44.9% to US$2,378.1 million. The company saw strong sales volume growth in lithium, iodine, and fertilizer businesses, with record-high quarterly sales volumes in lithium and iodine. However, significantly lower average realized lithium prices offset the volume growth. SQM signed a partnership agreement with Codelco for lithium operations in Salar de Atacama until 2060 and launched SQM International Lithium to develop business outside Chile. The company expects the downward pricing trend to continue in the second half of 2024, potentially impacting realized prices.
LiTHOS Group (CBOE CA: LITS) (OTCQB: LITSF) has announced successful laboratory-scale tests of its AcQUA™ pre-treatment technology on lithium brine from SQM's Salar de Atacama. The tests demonstrated high lithium yield recovery and effective impurity removal, including magnesium, boric acid, calcium, and sulfates. AcQUA™ uses a patent-pending hybrid electropressure membrane process that increases lithium concentration without freshwater or harmful chemicals. This technology eliminates the need for evaporation ponds, reducing the environmental footprint of lithium mining. LiTHOS operates two processing facilities in Denver, CO, and Bessemer, AL, and is working with strategic mineral resource owners in Chile, Argentina, and the United States.
SQM reported earnings for Q1 2024, revealing a net loss of $869.5 million ($3.04 per share), starkly down from a net income of $749.9 million ($2.63 per share) in Q1 2023. Total revenues plummeted 52.1% year-on-year to $1,084.5 million. Excluding one-time adjustments, net income was $228.1 million, showing a 69.6% decline. Despite revenue drops, SQM saw over 30% year-on-year growth in lithium sales volumes, hitting over 43,000 metric tons in Q1 2024. The company also reported record-high iodine sales of 3,700 metric tons. Key developments include the acquisition of the Andover lithium project in Australia and the completion of the Dixin lithium hydroxide facility ramp-up in China. The company has revised its FY2024 lithium sales volumes guidance upward.
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