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Will SQM's average realized lithium price exceed $14/kg in H2 2026?

Resolves March 31, 2027(356d)
IG: 0.80

Current Prediction

32%
Likely No
Model Agreement97%
Predictions9 runs
Last UpdatedApril 8, 2026

Why This Question Matters

Lithium price is the single most important variable for SQM's revenue, margins, and CORFO royalty payments. The meta-synthesis identifies $14/kg as the threshold validating the recovery narrative. Q1 2026 prices are 'significantly stronger' than Q4 2025's ~$10/kg, but whether this is a sustained recovery or a dead-cat bounce determines whether CONDITIONAL revenue durability upgrades or degrades.

REVENUE_DURABILITYNARRATIVE_REALITY_GAP

Prediction Distribution

0%25%50%75%100%
opus
sonnet
haiku
Range: 28%38%Aggregate: 32%
Individual Predictions(9 runs)
opusRun 1
35%

See prediction-context.md. Probability 0.35 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
opusRun 2
38%

See prediction-context.md. Probability 0.38 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
opusRun 3
32%

See prediction-context.md. Probability 0.32 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
sonnetRun 1
30%

See prediction-context.md. Probability 0.3 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
sonnetRun 2
35%

See prediction-context.md. Probability 0.35 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
sonnetRun 3
28%

See prediction-context.md. Probability 0.28 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
haikuRun 1
32%

See prediction-context.md. Probability 0.32 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
haikuRun 2
30%

See prediction-context.md. Probability 0.3 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14
haikuRun 3
28%

See prediction-context.md. Probability 0.28 based on analysis facts.

Key factor 1 for sqm-h2-2026-lithium-price-above-14Key factor 2 for sqm-h2-2026-lithium-price-above-14Key factor 3 for sqm-h2-2026-lithium-price-above-14

Resolution Criteria

Resolves YES if SQM's reported average realized lithium price for H2 2026 (average of Q3 and Q4) exceeds $14/kg. Resolves NO if average realized price is $14/kg or below.

Resolution Source

SQM Q4 2026 earnings release or 20-F filing

Source Trigger

Lithium price trajectory: ~$10/kg Q4 2025, Q1 2026 expected significantly stronger. $14/kg threshold validates recovery narrative.

gravy-gaugeREVENUE_DURABILITYHIGH
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