Professional analysts suggest that the current SQM stock price already discounts a moderate drop in lithium spot prices for late 2024, leaving room for upside surprise if market tightness persists. In Q4, the lithium segment's sales volume increased 19% from the year-ago period to about 51,300 metric tons (MT) of lithium carbonate equivalent (LCE), a quarterly record. However, this volume gain was more than offset by the company's average realized lithium price plunging 73% year over year. On a sequential-quarter basis, its average realized lithium price dropped 47%. CSX Stock Rally: Strong Options Flow, Analyst Price Targets A breakout in SQM stock price above $51 could open technical room toward the $53.50 region, based on historical volume profiles from early Q2 2024, drawing momentum traders back into the play.
