SQM shares rise on Scotiabank bullish lithium outlook
Chilean producer SQM saw its shares climb over 3% after Scotiabank reiterated a Sector Outperform rating. Analysts cited the company's significant cost advantages at the Salar de Atacama and projected that lithium demand will expand sharply through the end of the decade.
Insights:
SQM common shares rose more than 3% in Santiago on Tuesday afternoon after Scotiabank reiterated a Sector Outperform rating. The bank maintained a $105 price target and identified the company as a top pick for 2026. This outlook follows meetings with executives that reinforced expectations for lithium demand growth and cost advantages in Chile.
