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29 Feb

SQM expects to boost lithium sales volumes despite oversupplied market

Sociedad Química y Minera de Chile (SQM) estimates its lithium sales volumes to increase 5-10% this year, although it expects the market to remain oversupplied and prices to stay relatively stable. The lithium giant continues to expand its lithium operations in Chile and is set to reach a lithium carbonate capacity of 210,000 tonnes during the current quarter. In its 2023 earnings report, the company maintained its growth forecast for the global lithium mar…
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