Lithium Wrap: Chile SQM Jumps 4.07% on Thursday
SQM added 4.07% while Albemarle dipped 0.07% and LIT closed flat. Chinese lithium carbonate eased 0.43% to 151,000 CNY/tonne, still up about 76% year-on-year. The post Lithium Wrap: Chile SQM Jumps 4.07% on Thursday appeared first on The Rio Times .
Lithium producer SQM saw a 4.07% increase to US$78.45 on Thursday, while rival Albemarle declined slightly by 0.07% to US$134.19, and the LIT ETF remained nearly flat at US$74.58. This equity movement reflects the complex interplay between global demand for lithium, especially in electric vehicles, and regional factors like Chile's changing regulatory landscape.
Chinese lithium carbonate prices slipped slightly, and battery-grade carbonate in Asia held steady, indicating a more stable market with less speculative buying. The completion of a joint venture between Chile's state-owned Codelco and SQM in December 2025 will shift control of operations in the Salar de Atacama to the government from 2031, adding another layer of policy risk to the mineral's price.
Investors are now more focused on company-specific developments, such as SQM's strong second-quarter earnings, which helped drive its jump in share price, rather than just the broader commodity trends.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
