SQM's Role in Global Markets Sociedad Química y Minera de Chile S.A. (SQM, Financial), based in Chile, has established itself as one of the world's leading producers of lithium, iodine, and potassium derivatives. Their global sales and production presence is spanned across multiple continents, with numerous Commercial Offices, Joint Ventures, Production Plants, and Mining Operations across North America, Europe, South America, with the bulk of sales being generated from Asia, and Oceania. Among their produc ...

VANCOUVER, BC, Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd. ("LiTHOS" or the "Company") (CBOE CA: LITS), a leader in sustainable lithium brine production technologies, is pleased to provide shareholders with a Q3 corporate and operational update highlighting significant advances in the company's AcQUA™ and TiERRA™ technologies, and new strategic partnerships with major lithium producers. Scott Taylor, CEO of LiTHOS, shared his enthusiasm about the company's recent progress: "Our AcQUA™ technology continu ...

Investment Rating - The report maintains an "Overweight" rating for SQM, suggesting a potential upside of 5%-15% relative to the market index [2][5] Core Views - SQM is a global leader in lithium and iodine businesses, with additional operations in fertilizers and other industrial chemicals [2] - The company benefits from low-cost lithium extraction advantages in the Atacama Salt Flat and has strategic capacity expansions in China and Australia [2] - SQM's partnership with Codelco extends lithium extraction rights until 2060 and increases extraction quotas, enhancing long-term growth prospects [2] - The company expects to achieve a lithium production capacity of 305,000 tons by the end of 2025, maintaining its position as a global leader [2] Financial Performance - SQM's 2024Q2 revenue, gross profit, adjusted EBITDA, and net income were $1.294 billion, $384 million, $413 million, and $214 million, respectively, reflecting YoY declines of 37%, 55%, 53%, and 63% due to lower lithium and fertilizer prices [2] - Lithium sales in 2024Q2 were $665 million, down 55% YoY but up 21% QoQ, driven by increased sales volume despite a 73% YoY drop in average selling price to $12,700/ton [2] - The company's adjusted EBITDA for 2024-2026 is projected to be $1.58 billion, $1.757 billion, and $2.278 billion, with YoY growth rates of -50.3%, +11.2%, and +29.6%, respectively [2][3] Capacity Expansion and Production Guidance - SQM plans to expand its lithium capacity to 305,000 tons by the end of 2025, including 240,000 tons in Chile, 40,000 tons in China, and 25,000 tons in Australia [2] - The company expects 2024 lithium production to reach 210,000 tons, with sales guidance of 190,000 tons, allowing for inventory accumulation [2] Valuation Metrics - As of September 11, 2024, SQM's stock price implies EV/EBITDA multiples of 6.9x, 6.2x, and 4.8x for 2024-2026, respectively [2] - The company's market capitalization stands at $10.96 billion, with a total equity of $4.94 billion and total assets of $10.77 billion [1] Market Position - SQM held an 18% global market share in lithium sales in 2023, slightly ahead of Albemarle's 17% [2] - Over 90% of SQM's lithium sales are concentrated in the Asian market, highlighting its strong regional presence [2]

simonkr SQM: Falling Knife Reaching A Bottom? Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) investors have endured another disappointing seven months since my last update as the battering in the lithium market intensified. As a result, what seemed like a consolidation zone for lithium prices between January and April 2024 didn't sustain. Lithium prices have continued their downtrend bias through this week, reaching almost $10K per MT. Therefore, it marks a spectacular collapse from the highs of over $8 ...

Core Viewpoint - Sociedad Quimica y Minera de Chile S.A. (SQM) reported a significant decline in profits and revenues for the second quarter of 2024 compared to the previous year, with earnings falling short of market expectations [1] Financial Performance - SQM's profit for Q2 2024 was $213.6 million, or 75 cents per share, down from $580.2 million, or $2.03 per share, in Q2 2023 [1] - Revenues for the quarter totaled $1,293.6 million, a decrease of approximately 37% year over year, but exceeded the Zacks Consensus Estimate of $1,260.7 million [1] - Cash and cash equivalents at the end of the quarter were $1,033.1 million, down around 22% sequentially, while long-term debt remained flat at $2,946.2 million [5] Segment Highlights - The Lithium and Derivatives segment saw revenues drop nearly 55% year over year to $664.7 million, despite a 21% increase in sales volumes, due to a 63% reduction in average sales prices [2] - The Specialty Plant Nutrients (SPN) segment generated revenues of $260.5 million, up 5% year over year, driven by higher sales volumes but tempered by lower average sales prices [2] - The Iodine and Derivatives segment posted revenues of $269.2 million, up around 22% from the prior year, benefiting from higher sales volumes and increased sales prices [3] - Revenues from the Potassium business rose 10% year over year to $73.1 million, supported by higher sales volumes, though partially offset by lower average sales prices [3] - The Industrial Chemicals unit recorded sales of $20.5 million, down around 56% year over year, impacted by significantly lower sales volumes despite higher average sales prices [4] Market Outlook - SQM's production guidance remains unchanged, with expectations to produce approximately 210,000 metric tons of lithium carbonate equivalent [6] - The potassium nitrate market is projected to see total demand rise by nearly 13% compared to 2023, with SQM expecting its sales volumes to increase by close to 20% in 2024 [7] - Iodine demand growth in 2024 is projected at approximately 7% year over year, with SQM expecting iodine sales volumes to exceed 14,500 metric tons [8] - Global demand for potassium is expected to exceed 70 million metric tons by year-end, with SQM anticipating sales volumes to reach 650,000 metric tons in 2024 [9] - Quarterly sales volumes for industrial chemicals are expected to remain steady, with stable market prices anticipated for the remainder of 2024 [10] Stock Performance - SQM's shares have declined by 41.8% over the past year, compared to the industry's decline of 22.1% [11]

Sociedad Quimica y Minera de Chile S.A. (SQM) recorded a loss of $3.04 per share for first-quarter 2024. This compares to earnings of $2.63 in the year-ago quarter. The Specialty Plant Nutrients ("SPN") segment raked in revenues of $207.8 million, down around 6% year over year. Sales were hurt by significantly lower average sales prices. Revenues from the Iodine and Derivatives unit came in at $240.1 million, up around 0.2% year over year. Sales were aided by higher sales volumes, offset by lower sales pric ...

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q1 2024 Earnings Conference Call May 23, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Gerardo Illanes - Chief Financial Officer Carlos Diaz - Executive Vice President of Lithium Mark Fones - Vice President of Lithium Development and M&A Juan Pablo Bellolio - Commercial Vice President of Iodine & Industrial Chemicals Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Corinne Blanchard - Deutsche Bank ...

Highlights China, with a nominal capacity of 20,000 metric tons. SQM will hold a conference call to discuss these results on Thursday, May 23, 2024 at 12:00pm ET (12:00pm Chile time). Participant Dial-In (Toll Free): 1-844-282-4852 Participant International Dial-In: 1-412-317-5626 Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=qmUdFzpU SANTIAGO, Chile, May 22, 2024 /PRNewswire/ -- Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) report ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024. Commission File Number 33-65728 CHEMICAL AND MINING COMPANY OF CHILE INC. (Translation of registrant's name into English) El Trovador 4285, Santiago, Chile (562) 2425-2000 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports u ...

Revenue and Sales Performance - For the year ended December 31, 2023, revenues from products originating from the Salar de Atacama represented 73% of the company's consolidated revenues[54]. - Approximately 58% of the company's sales in 2023 were made in emerging market countries, with 44% in Asia and Oceania[61]. - The company reported revenues of US$7,467.5 million, gross profit of US$3,075.1 million, and profit attributable to controlling interests of US$923.2 million for the year ended December 31, 2023[215]. - In 2023, lithium and its derivatives accounted for 69% of total revenues, while specialty plant nutrition and iodine and derivatives contributed 12% each[224]. Market Conditions and Price Volatility - Average lithium prices decreased from US$52,000 per metric ton in 2022 to US$30,500 per metric ton in 2023, indicating significant price volatility[59]. - The cost of energy and raw materials constituted approximately 27% of the company's cost of sales in 2023[69]. - Prices of specialty plant nutrients decreased approximately 21.3% in 2023[240]. Investment and Expansion Plans - The company has a US$2.4 billion investment plan for 2024-2025 to expand lithium, iodine, and nitrate operations[64]. - The company expects capital expenditures for 2024 to reach approximately $1.3 billion, focusing on lithium hydroxide capacity and nitrates and iodine capacity expansions in Chile[208]. - Capital expenditure for the 2024-2025 period is expected to reach approximately US$2.4 billion, including US$1.4 billion for lithium capacity expansion in Chile[209]. - The company plans to expand lithium hydroxide capacity to 100,000 metric tons by 2025[201]. Operational Challenges and Risks - The company faces risks related to global shipping constraints that could impact its ability to deliver products[60]. - The growth of the company's lithium business is heavily dependent on the adoption of electric vehicles, which has shown signs of slowing demand[72]. - The company is exposed to labor strikes, with over 92% of employees in Chile, potentially impacting production levels and costs[80]. - The company faces risks from lawsuits and arbitrations that could divert management attention and adversely affect financial conditions[82]. - The company is exposed to risks associated with potential changes in government policies and civil unrest in Chile, which could adversely affect business operations[126]. Regulatory and Environmental Considerations - Environmental regulations in Chile are becoming increasingly stringent, which may lead to higher compliance costs and impact production targets[85]. - The new National Lithium Strategy announced in April 2023 may create uncertainty in the Chilean lithium industry, potentially impacting business performance and share value[120]. - The Chilean Congress is considering a bill that could enable the expropriation of lithium assets, which may adversely affect the company's operations[137]. - Changes to the Chilean Water Code could affect water rights, which are crucial for the company's operations, with rights now granted for a maximum of 30 years[136]. Community and Social Responsibility - The company is committed to investing between US$10 million and US$15 million annually in sustainable development projects for the Atacama La Grande indigenous communities[152]. - A disagreement within the Atacameños Peoples Council led to a blockade of operations at the Salar de Atacama facilities for one day, highlighting potential future disruptions[151]. - The company faces risks related to relationships with local communities, which are essential for the success of operations and may lead to interruptions if not managed properly[150]. Technological and Competitive Landscape - Competitors are implementing more efficient lithium extraction technologies, which may affect the company's competitive pricing and demand for its lithium products[76]. - The company is investing in research and development for lithium extraction processes, but success is uncertain and may not meet anticipated timelines[76]. - The company aims to maintain its leading position in the lithium, potassium nitrate, iodine, and thermo-solar salts markets through innovation and technological development[225]. Financial and Taxation Issues - The effective withholding tax rate on dividends attributed to earnings in 2023 was 23.90411%[173]. - Chilean law imposes a 35% withholding tax on cash dividends paid by the company[173]. - The Chilean government has levied taxes amounting to US$986.3 million on SQM Salar for the tax years 2012 to 2023, with ongoing legal challenges regarding these assessments[138]. - SQM Salar recognized a tax expense adjustment of US$1,089.5 million due to the interpretation of a Santiago Court of Appeal ruling, impacting tax years 2012 to 2023[140]. Production Capacity and Achievements - The lithium carbonate production capacity reached 200,000 metric tons by the end of 2023, with expectations to increase to 210,000 metric tons in 2024[201]. - The company achieved IRMA 75 certification for its lithium mining operations in the Salar de Atacama, the highest score worldwide[199]. - The company maintained its inclusion in the Dow Jones Sustainability Indices for the third consecutive year and received a category B climate change rating from the Carbon Disclosure Project[198].