SQM Lifted by Lithium Gains, Dividend Boost

Sociedad Química y Minera de Chile (SQM) is seeing renewed market interest after the sharp rise in lithium prices, prompting BofA to raise its price target to $53 while keeping a cautious rating. The improved sentiment around lithium is supporting the stock, which is already trading with positive momentum. At the same time, the board has proposed increasing the final dividend to 50% of 2025 net income, up from 30% currently. This potential increase in shareholder returns adds to the stock’s appeal, even if BofA’s underperform rating is a reminder that lithium price volatility remains a key risk.