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    Julia Zaniolo • Bank of America

    Julia Zaniolo's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership

    Julia Zaniolo's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership • Q1 2025

    Question

    Julia Zaniolo of Bank of America asked for SQM's perspective on the lithium market's supply and demand balance for 2025 and how the company views its competitive positioning amid current market conditions.

    Answer

    Pablo Hernández Mac-Donald, VP of Strategy & Development, outlined expectations for both demand and supply to grow around 15% in 2025, reaching approximately 1.4 million and 1.5-1.6 million metric tons, respectively. He noted that this assumes no significant production delays due to the low-price environment. He also highlighted China's continued leadership in the EV market and the ongoing shift towards LFP battery chemistry.

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    Julia Zaniolo's questions to Sociedad Quimica y Minera de Chile SA (SQM) leadership • Q1 2025

    Question

    Julia Zaniolo of Bank of America requested SQM's perspective on the lithium market's supply and demand dynamics for 2025 and the expected impact on the company's competitive position.

    Answer

    Pablo Hernández Mac-Donald, VP of Strategy & Development, projected that both global lithium demand and supply would grow around 15% in 2025, reaching approximately 1.4 million and 1.5-1.6 million metric tons, respectively. He noted that strong EV growth in China continues to be a primary driver and that the market is seeing a continued shift towards LFP battery chemistry, which favors lithium carbonate.

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