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Sociedad Química y Minera de Chile S.A. (SQM)

NYSE - Nasdaq Real Time Price. Currency in USD
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49.79-1.25 (-2.45%)
At close: 4:00PM EST

49.75 -0.04 (-0.08%)
After hours: 6:32PM EST

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  • M
    Mike
    $AMZN Amazon plans to have 100,000 electric delivery vehicles on the road by 2030
    Amazon's electric delivery vehicles are now making deliveries in Los Angeles. Amazon plans to expand the vehicles to as many as 15 additional cities in 2021.
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    Mike
    CHINESE BATTERY GRADE LITHIUM CARBONATE PRICES SURGE 68% IN FIRST 2 MONTHS OF 2021
    Surging Chinese lithium carbonate prices, which now hold a premium over hydroxide prices for the first time since April 2018, helped push the Benchmark Lithium Price Index up by 14.4% in February 2021, its second largest move on record after January 2021.

    Source:Benchmark Mineral Intelligence
  • M
    Mike
    "In particular, I want to highlight our lithium carbonate operations, in which our production surpassed 70,000 metric tons in 2020 and in which all quality indices exceeded our objectives for the year. Our production trends remain very positive, during the first two months of 2021, we have produced more than 7,000 metric tons of lithium carbonate per month. All of the above allows us to be optimistic about our goal of completing our new lithium carbonate expansion, which is expected to reach 120,000 metric tons by the end of this year and 180.000 metric tons at the end of 2023. Another significant milestone in 2020 was the compliance with quantity, logistics capacity and strict quality control of solar salt shipments that exceeded 160,000 metric tons. We believe that that we are prepared to satisfy the market needs with the annual volumes of over 200,000 metric tons of solar salts."
  • M
    Mike
    71% increase in LC production forecast just this year!!!
  • M
    Mike
    Conference call is very positive.
    Possible 100% increase of lithium hydroxide production in 2nd half of '21. And maybe 200% in the future. Also looking at a possible lithium carbonate increase from previous estimates.
  • M
    Mike
    Even Morningstar likes SQM. They are very conservative.
    Lithium prices up again. Expect upgrades next week.
  • M
    Mike
    $FDX FedEx Commits to Deploying Only Electric Vehicles by 2040
  • M
    Mike
    Lithium market prices are almost double what SQM realized last quarter. So with new contracts at higher prices and a huge increase in production...
  • l
    l
    why did stock price drop with positive results
  • M
    Mike
    A forecast from @benchmarkmin lithium ion battery database predicts that demand for [batteries] packs for cars will increase at an annualised rate of 40pc between 2020 and 2025 in Europe alone.” @Telegraph https://telegraph.co.uk/business/2021/02/21/electric-car-rush-drives-rare-earths-arms-race/
  • M
    Mike
    Virginia Going Zero Emissions Under New Vehicle Legislation
    Virginia is about to become the first Southern state to enact zero-emissions vehicle legislation!
    If you buy an electric vehicle in Virginia, you can get a $2,500 rebate under a bill lawmakers passed
  • M
    Mike
    Market & price developments
    China’s domestic battery-grade lithium carbonate price increased by 9.9% week on week supported by a lack of supply. Most producers raised their offering prices again this week.
    The lithium hydroxide market in China followed carbonate price strength to increase by 5.2%.
    Suppliers to the Asian seaborne market gained confidence in pushing battery-grade lithium spot prices higher in the week.
  • M
    Mike
    Incredible buys today! Funds must have been forced to sell the whole market. It won't last forever.
  • M
    Mike
    VW upped EV forecast! >>>Volkswagen said more than 70% of the Volkswagen brand’s European sales will be EVs by 2030, up from a previous target of 35%.
  • J
    Jack
    Can someone share the numbers please?
  • M
    Mike
    Tesla's vision of 3 terawatt hours of battery production by 2030 equals 2.3 million tons of lithium! That means that Tesla's demand alone would exceed estimates for the entire market!
  • M
    Mike
    Electric CARS Act!
    The bill aims to update the EV tax credit by extending it for ten years and removing the number of eligible vehicles per manufacturer. The bill also seeks to support the build-out of more electric car charging infrastructure.
  • M
    Mike
    Producers have begun to sell out inventories again! Order books filled through until the end of Q2 2021.
  • M
    Mike
    Europe's Electric Motorcycle Market Surges, Mirroring Electric Cars
    IDTechEx expects electric motorcycle sales in Europe to grow at least 50% year-on-year in 2020, building on the momentum of recent years. This is driven by continued policy support from governments alongside start-ups and incumbent OEMs entering the market with new model releases, finds the recent report from IDTechEx.
  • M
    Mike
    142 lithium ion battery mega-factories are under construction! 100%+ increase from 2020.
    SQM expects lithium demand to triple by '25. Will start production at new mine.
    FYI for newbies:
    *SQM's (50/50 ownership) of Covalent Lithium*
    -3rd largest hard rock deposit of contained lithium
    -7.03mt of contained lithium with 50+ year life of mine
    -Fully integrated mine, concentrator and refinery
    -Battery-grade lithium hydroxide demand is increasing by 40% per year
    -Complete control over the end-to-end value chain of producing battery quality lithium hydroxide
    -Bypasses Chinese conversion market
    -Tesla contract