Two of these lithium stocks look a lot riskier than the third. The bull run on lithium stocks seems to have run its course. Last week, lithium stocks exploded higher after British mining giant Rio Tinto Group (RIO 0.70%) announced it was buying Arcadium Lithium (ALTM -0.36%) for $6.7 billion, a move that seemed to signal that the cyclical lithium market has hit bottom and is ready to bounce back. Shares of lithium companies entirely unrelated to that specific transaction also surged, with Piedmont Lithium ( ...

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]

CONSOLIDATED INTERIM FINANCIAL STATEMENTS As of and for the period ended June 30, 2024 Sociedad Química y Minera de Chile S.A. and subsidiaries In thousands of United States dollars | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Q2 2024 Results Conference Call August 22, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Ricardo Ramos - Chief Executive Officer Felipe Smith - Commercial Vice President of SQM Salar Carlos Diaz - CEO of SQM Salar Mark Fones - CEO of SQM International Lithium Gerardo Illanes - Chief Financial Officer Pablo Hernandez - Senior Director of Business Strategy and Development, SQM Salar Pablo Altimiras - CEO of Iodine & Nitrates Juan Pablo Bell ...

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]

Highlights • SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. • Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year. • Strong sales volumes growth in lithium, iodine and fertilizer businesses. • Record-high quarterly sales volumes in lithium and iodine b ...

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 ...