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LatAm stocks extend climb on Fed optimism; regional developments in focus

Latin American stocks rose 0.9% amid optimism over potential U.S. Federal Reserve rate cuts, while regional currencies remained flat. Brazil's Bovespa hit a record high, driven by economic slowdown expectations. Investors are watching Honduras' presidential race and U.S.-Venezuela tensions. Chile's SQM fell after a bond sale, while Mexican equities and the peso rose slightly. Argentina's peso increased, with officials preparing for bond market re-entry by 2026. Key stock indexes and currencies showed mixed performance across the region.

Reuters·
US
SQM
-3.79%
Reuters·
US
SQM
-3.79%

SQM downgraded at Goldman as shares run ahead of fundamentals

Goldman Sachs downgraded Sociedad Quimica y Minera de Chile (SQM) to Neutral from Buy with a $63 price target, citing lower than expected lithium prices. Analyst Marcio Farid noted the stock's 80% YTD rally and 115% rise since June 2025, indicating it has run ahead of fundamentals. Farid expects elevated capex and pressure on free cash flow, but sees solid operational performance and long-term growth potential.

MSN·
US
SQM
-3.79%
MSN·
US
SQM
-3.79%

SQM Issues UF 10 Million Hybrid Bond Worth Approximately $430 Million

Sociedad Química y Minera de Chile (SQM) successfully placed its Series S local hybrid bond in the Chilean general securities market, raising UF 10,000,000 (approximately US$430 million). The bonds will mature on February 15, 2058, with a fixed annual interest rate of 4%. Proceeds will be used for general corporate purposes and to refinance existing debt.

Reuters·
US
SQM
-3.79%
Reuters·
US
SQM
-3.79%

BUZZ-Lithium miners fall as prices plunge in China after moves to curb speculative trading

Lithium miners' shares fell as lithium prices in China dropped sharply after measures to curb speculative trading. The Guangzhou Futures Exchange's lithium carbonate contract fell 9%, reversing recent gains. Albemarle, SQM, Sigma Lithium, Lithium Americas, and Standard Lithium saw declines in their U.S.-listed shares.

Reuters·
US
SQM
-3.79%
US
SLI
+2.61%
US
LAC
+3.62%
Reuters·
US
SQM
-3.79%
US
SLI
+2.61%
US
LAC
+3.62%

Chile – SQM eyes expansions

SQM, a private lithium miner in Chile, plans to invest US$2.7 billion through 2027 to expand its production. The company aims to increase its Carmen chemical plant's output to 240,000 tonnes of lithium carbonate equivalent by 2026 and expand lithium hydroxide production to 100,000 tonnes per annum. SQM also anticipates finalizing a partnership with state miner Codelco to enhance extraction in the Atacama salt flat by year-end.

Reuters·
US
SQM
-3.79%
Reuters·
US
SQM
-3.79%
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