SQM expects its own lithium sales volumes to reach at least 145,000 tons by the end of the year, it added.
While the price of the mineral could face pressure from ongoing supply delays, demand should nonetheless remain strong in the upcoming quarters, a top executive for the company said, adding that it makes sense to renegotiate contracts with clients according to market temperament.
The miner posted earlier this week a net profit of $859.3 million in the second quarter, a near 10-fold increase from the $89.8 million it posted a year earlier.
The miner raked in $1.85 billion in lithium sales in the second quarter, versus $163 million a year before.
Shares in SQM were down more than 6% during the morning, with the results slightly below market forecasts.
(By Valentine Hilaire; Editing by Brendan O’Boyle and David Holmes)
