Citigroup has elevated its investment rating on Chilean chemical and mining heavyweight SQM to Buy, pointing to an attractive market entry point and resilient long-term fundamentals.

Wall Street analysts noted that prolonged downward pressure on battery metal pricing is reaching a cyclical floor. Anticipated supply tightening and steady electric vehicle adoption are expected to catalyze a near-term recovery in lithium prices.

The upgrade reflects growing institutional optimism for the world's second-largest lithium producer as market conditions stabilize.