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. On the supply side, lithium production has significantly increased, with current global output at 190 kt, mainly from Australia and Latin American countries like Chile and Argentina. By 2030, global supply is projected to rise to 450 kt in a base scenario, but further investments will be necessary to meet future demand, especially in meeting climate goals. Why Options Traders Are Betting Big on Oracle Stock SQM stock price has been reacting positively to global EV market growth data. A jump in battery demand forecasts for 2025 from industry leaders has pushed institutional buyers to accumulate SQM shares, anticipating longer-term lithium supply constraints.
