'SQM's possible big lithium output boost triggered price concerns
SQM could soon receive permission from Chile's state-run economic development agency Corfo to boost its annual production of lithium considerably more than the market was anticipating, Reuters reported over the weekend. (Tuesday was the first trading day after the release of the news, as the U.S. markets were closed on Monday.) If and when this comes to fruition, the law of supply and demand tells us that lithium prices should be under some pressure. Lower-than-expected lithium prices have the potential to negatively impact lithium producers' revenue and profits.'
