On February 29, 2024, Chemical & Mining Co. of Chile (SQM) reported full-year 2023 net income exceeding $2 billion with earnings per share of over $7, despite a 36% drop in lithium revenue to over $5 billion due to decreased prices but record-high sales of 170,000 metric tons. The company expects lithium production to reach over 220,000 metric tons in 2024, with market growth of about 20%.