SANTIAGO, March 2 (Reuters) - Chilean lithium producer
SQM expects first-quarter 2026 sales volumes to
surpass the year-ago period by more than 15%, with quarterly
volumes rising throughout the rest of the year, executives said
on an earnings call on Monday.
The company has already contracted more than 80% of its 2026
lithium volume and is seeing strong demand from Asia-Pacific
customers, particularly in China, for increased volumes.
KEY GUIDANCE
-- Lithium prices in the first quarter expected to be
"substantially higher" than the fourth quarter's approximately
$10 per kilogram level.
-- Full-year 2026 lithium prices expected to remain closer to
current price levels than the lows seen in 2025, though
volatility anticipated.
-- Total lithium production targeted at approximately 260,000
metric tons LCE in 2026, up from about 234,000 tons in 2025.
-- In Australia, Kwinana refinery ramp-up timeline extended
into 2027 due to intermittent operational issues, causing 2026
production to lean toward concentrate sales.
-- Dividend payments to Codelco joint venture expected in
April or May.
-- Salar Futuro project environmental application expected to
be submitted around mid-year.