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Stock impact report

SQM Codelco Lithium Pact And Nova Andino Litio Reshape Growth Outlook [Yahoo! Finance]

Sociedad Quimica y Minera S.A. (SQM) 
Last sociedad quimica y minera s.a. earnings: 3/2 09:13 pm Check Earnings Report
US:NYSE Investor Relations: ir.sqm.com
Company Research Source: Yahoo! Finance
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Sociedad Química y Minera de Chile (NYSE:SQM) has entered a long term lithium production agreement with Codelco, creating a new entity called Nova Andino Litio. The agreement secures future lithium production from the Salar de Atacama, one of the world's largest lithium sources. Alongside the new partnership, SQM reported record lithium sales volumes and shared a positive market outlook for lithium demand. For investors looking at NYSE:SQM, this agreement comes as the stock trades at $70.39 with a 1 year return of 68.3%. The tie up with Codelco and access to Salar de Atacama resources adds to record sales volumes and helps illustrate how SQM is positioning itself within global lithium supply. Management's constructive view on lithium demand, driven by electric vehicles and energy storage, provides useful context if you are considering S Show less Read more
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