Lithium giant Chilean mining and chemical company (SQM.US) doubled its profits in the first quarter, and it significantly increased its sales volume expectations, welcoming a strong start to the year.

Zh tng cijng APP hu x, qunqi zu d l shngchn shng zh y zhl kung y hugng (SQM.US) bogo d y jd ly d f zngzhng, bng shng tiole l xioshu yc, lyu sh q yzh liz dinbo chnng xtng de jingjn xqi jing sh shchng boch jn pnghng zhungti. According to the Zhitong Finance and Economics APP, one of the world's largest lithium producers, Chilean mining and chemical company (SQM.US), reported a significant increase in profits in the first quarter and raised its lithium sales forecast. The reason is that its bet on strong demand from battery energy storage systems will keep the market in a tight balance.