SQM Hits Record Lithium Sales, Higher Income in Q1 Despite Lower Prices

May 30, 2025--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Chile's Sociedad Quimica y Minera (Santiago), known as SQM, registered a net income of US$137.5 million during the first quarter of 2025, compared to a loss of US$869.5 million during the same period last year. The positive financial results were driven by demand growth in the lithium sector despite a global price decline and lower taxes.