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Gelonghui, February 28th | Chilean lithium producer SQM announced that its net profit for the fourth quarter increased, due to a favorable market price environment that raised the average price of lithium and thus boosted performance. The world’s second-largest lithium producer stated that net profit for the fourth quarter was $183.8 million, up 53% compared to the same period last year. Revenue for the quarter grew by 23.3% to $1.32 billion, compared to $1.07 billion in the same period last year. Gross profit for the quarter increased by 52.7% to $448.5 million. SQM CEO Ricardo Ramos said: “Our results for the fourth quarter of 2025 reflect record sales volumes in both our major lithium businesses (Nova Andino Litio and the International Lithium Division).” “In November 2025, we began to see early signs of improvement in the supply-demand balance, mainly due to stronger-than-expected demand from energy storage systems (ESS).”

The company stated that as domestic AI models are preparing to scale up and the local user base is surging, the demand for graphics processing units (GPUs) in India has already outstripped supply. Expand

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