SQM Stock Surges on Lithium Price Spike and JPMorgan Upgrade: News, Forecasts and What to Watch (Dec. 17, 2025)
SQM shares jumped 7.7% to $69.10 by 10:12 a.m. ET Wednesday after lithium prices in China surged on news Yichun authorities plan to revoke 27 mining licences. JPMorgan upgraded SQM to Overweight and nearly doubled its price target to $79, citing stronger lithium demand forecasts and a potential industry supply deficit.