What was SQM's adjusted EBITDA for Q1 2024, and how does it compare to the prior year and analyst expectations?

SQM reported adjusted EBITDA of $837 million for the three months ended March 31, 2024 — more than double the year-ago level and higher than the average analyst estimate.

SQM Boosts Lithium Guidance as Earnings Top Estimates

Q: How has SQM revised its 2024 lithium sales volume forecast, and what is driving this upward adjustment?

SQM raised its 2024 lithium sales volume forecast to about 15% growth from a prior outlook of 10%, citing robust demand from battery storage systems and electric vehicles that is tightening global lithium markets and enabling the company to operate 'at full capacity'.

May 26, 2026

SQM reported adjusted Ebitda of $837 million and raised its lithium sales volume forecast to grow 15% this year, driven by strong demand from battery storage systems and electric vehicles.

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