Core Viewpoint - SQM is addressing the global lithium supply surplus issue as demand falls short of expectations while new supplies come online, leading to a decline in lithium prices from their peak at the end of 2022 [1] Group 1: Company Strategy - SQM's CEO, Ricardo Ramos, stated that the company will continue efforts to increase total production capacity of lithium carbonate and lithium hydroxide to 240,000 tons and 100,000 tons respectively [1] - The company plans to continue processing lithium sulfate in China [1] Group 2: Market Context - The current market situation reflects a contrast between SQM's approach of increasing production and the strategies of some high-cost producers who are cutting back on output and spending [1]