Sociedad Quimica Y Minera 주식 (NYSE: SQM)

에 대한 최신 뉴스 Sociedad Quimica Y Minera (NYSE:SQM) 주식

Sociedad Quimica Y Minera

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.

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칠레 코델코는 마리쿤가 리튬 프로젝트의 파트너를 찾고 있으며, 2030년 생산 시작 목표

Sociedad Quimica y Minera S.A. Common Stock

Sociedad Quimica Y Minera De Chile SA

Source: <a href="https://www.streetwisereports.com/article/2024/09/25/co-s-q3-24-notable-for-tech-innovation-validation.html?utm_medium=feed">Streetwise Reports 09/25/2024</a>
These achievements pertain to the company&#39;s proprietary methods for sustainable lithium mining. Learn why one analyst rates the stock Immediate Strong Buy.
Lithos Group Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/litsf#OTC">LITSF</a>) provided a Q3/24 corporate and operational update highlighting the company&#39;s innovation and progress with its proprietary technologies, noted a news release.
&quot;Our achievements this quarter are just the beginning of a transformative period for Lithos&quot; Chief Executive Officer Scott Taylor said in the release. &quot;As demand for lithium continues to grow with the global push towards electric vehicles and renewable energy storage, we are confident that our innovative technologies position us to become a key player in meeting that demand sustainably.&quot;
<h2>AcQUA&trade; Technology Validated by Industry Giant</h2>
A highlight of the quarter was the successful testing of Lithos&#39; testing of its AcQUA&trade; technology, conducted in collaboration with Sociedad Quimica y Minera de Chile (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqm#NYSE">SQM</a>), one of the world&#39;s largest lithium producers. The technology demonstrated its ability to remove impurities like magnesium, boric acid, calcium, and sulfates from the brine, resulting in high-purity, battery-grade lithium.
&quot;This validation from an industry leader that has tested nearly every direct lithium extraction (DLE) technology available solidifies our competitive edge&quot; Taylor said.
The AcQUA&trade; process is a patent-pending, hybrid, electro-pressure membrane method that enhances lithium concentration without requiring freshwater or harmful chemicals. Lithos has taken steps to protect its intellectual property by petitioning the U.S. Patent and Trademark Office to expedite the issuance of this vital patent.
<h2>Introducing TiERRA&trade; Technology: A Game-Changer for Sustainability</h2>
In addition to AcQUA&trade;, Lithos has introduced a second breakthrough technology: TiERRA&trade;, which is designed to address one of the most pressing challenges in the lithium industry &mdash; responsible re-injection of spent brine without depleting freshwater resources. TiERRA&trade; offers a post-DLE solution that allows brine to be re-injected at scale, reducing environmental impact and enhancing the economic viability of lithium extraction.
&quot;TiERRA&trade; acts like a turbocharger for DLE processes, recycling and conditioning brine to close the loop in lithium extraction&quot; Taylor explained.
Lithos is already working with two multinational corporations in the specialty chemicals and mining sectors that are testing AcQUA&trade; and considering TiERRA&trade; for large-scale re-injection projects.
<h2>Securing Funding for Commercial Expansion</h2>
Lithos secured Phase 2 funding through the U.S. Department of Energy&#39;s FASTRACK program to further validate AcQUA&trade; and TiERRA&trade;.
Now the company is pursuing a multimillion-dollar Phase 3 commercialization grant it would use to accelerate deployment of its two solutions at its customers&#39; lithium projects.
<h2>An Eye To Sustainable Production</h2>
Headquartered in Vancouver, British Columbia, Lithos Group aims to &quot;become the global standard in economically efficient, sustainable lithium production&quot; the company said. Its patented-pending AcQUA&trade; technology spans the whole value chain from the conditioning and pretreatment of raw brines, the primary bottleneck, through the DLE phase to the polishing and purification of battery-grade lithium feedstock. About 70% of global lithium resources are hosted in brine.
Lithos has two fully operational facilities, a 4,000-square-foot laboratory in Denver, Colo., and a 55,000-square-foot complex, permitted to produce pilot-scale lithium hydroxide, in Bessemer, Ala.
<h2>Batteries To Drive Sector Growth</h2>
The global lithium market is forecasted to more than triple in value by 2033, reaching US$28.45 billion (US$28.45B) from US$9.86B this year, Precedence Research wrote on Sept. 10. This reflects a compound annual growth rate of 12.5% during the forecast period.
Global demand for the critical metal is projected to continue climbing steadily until at least 2035, Statista data show, to 3,829,000 metric tons of lithium carbonate equivalent from 917,000 metric tons in 2023.
<blockquote class="callOut left">Technical Analyst Clive Maund explained that what is happening with the stock is unusual in that the price keeps dropping slowly yet the accumulation line keeps plowing ahead, &quot;creating a positive divergence that promises a reversal into a major bull market.&quot; Thus, he recommended investors add to their positions and stay long in Lithos.</blockquote>
Precedence Research attributed the projected growth to increasing demand for lithium batteries in various industries. Marin Katusa of Katusa Research pinpointed electric vehicles (EVs) and battery storage as the primary key drivers.
All major electric vehicle batteries require lithium, about 1.55 pounds per kilowatt hour of battery capacity, on average, he noted. Global battery cell manufacturing capacity is expected to hit 7.2 terawatt hours in 2030, more than triple its capacity in 2023.
&quot;I think the data speaks for itself that there&#39;s more growth and opportunity on the horizon&quot; Katusa wrote.
Another major catalyst, noted Katusa, &quot;for the U.S.-friendly lithium sector&quot; is the country&#39;s policy regarding foreign entities of concern (FEOCs), entities owned or controlled by, or subject to the jurisdiction of, certain countries, which today are China, North Korea, Russia, and Iran. This mandates that EVs will not qualify for the EV tax credit if any of the vehicle&#39;s battery components came from an FEOC (as of 2024) or if any of the applicable critical minerals came from an FEOC (starting in 2025).
Despite increasing demand and all stages of new lithium projects coming online, the global lithium market is headed toward a supply deficit, which could happen as soon as 2025, Jacob White with Sprott Asset Management told Stockhead on Aug. 9. Meanwhile, lithium prices may have hit their bottom. This is good news for investors, noted White, not just in lithium miners but also in companies throughout the supply chain.
<h2>The Catalysts</h2>
The key ongoing catalysts for Lithos are additional contracts for its technologies and further validation of the same from industry leaders, Taylor noted in the release.
&quot;We are moving closer to our goal of becoming a commercial services company that not only extracts lithium but does so in a way that safeguards the environment for future generations&quot; the CEO added.
<h2>Snapback Rally Predicted</h2>
Technical Analyst Clive Maund has an Immediate Strong Buy on Lithos stock because its charts show it is on the precipice of a snapback rally during which the price jumped initially to the CA$0.45&minus;0.50 range, he wrote in an Aug. 21 report. This reflects a 275&minus;317% upside from the company&#39;s share price at the time of the report, lower now than it was then.
Maund explained that what is happening with the stock is unusual in that the price keeps dropping slowly yet the accumulation line keeps plowing ahead, &quot;creating a positive divergence that promises a reversal into a major bull market.&quot; Thus, he recommended investors add to their positions and stay long in Lithos.
<h2>Ownership and Share Structure</h2>
The company said that about 60% of Lithos is held by insiders and management. According to Reuters, this includes CEO Scott Taylor, who has 14.19%, Independent Director Michael Westlake, who has 0.71%, and Independent Director Kevin McKenna, who has 0.05%.
About 27% of the company is held by strategic entities. The rest is retail.
Lithos has a market cap of CA$20.7 million and about 84.62 million shares outstanding. Its 52-week range is CA$0.98 to CA$0.20.
Important Disclosures:
<ol>
<li>Lithos Group Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lithos Group Ltd.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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Co.'s Q3/24 Notable for Tech Innovation, Validation

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Shares of lithium companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

Shares of lithium companies are trading higher after China Central Bank announced a new stimulus package.

LITH

Shares of lithium companies are trading higher. The US Department of Energy selected Standard Lithium and Equinor for an award negotiation of up to $225 million for the South West Arkansas project.

Shares of lithium stocks are trading higher amid a rise in the metal's price after the Fed cut rates by 50 basis points at the FOMC yesterday.

Shares of lithium companies are trading lower amid a drop in the commodity price. Lithium prices may be dropping amid an oversupply.

FEAM

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

LITM

Citi Expects Lithium To Bounce 20-25% Over The Next 2-3 Months On Supply Curtailment Led Physical Rebalancing And Short Covering

Shares of lithium companies including, Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>), Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) and Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) are trading higher Wednesday amid a rise in the price of lithium. The Chinese company Contemporary Amperex Technology reportedly stopped production at its mine<a href="https://www.benzinga.com/wiim/24/09/40815755/shares-of-lithium-companies-are-trading-higher-amid-a-rise-in-the-price-of-lithium-chinese-company-c"> in Jiangxi</a>.
What To Know: The <a href="https://www.bnnbloomberg.ca/business/international/2024/09/11/asian-lithium-shares-soar-on-speculation-catl-suspends-key-mine/">halt at this major mine </a>may alleviate oversupply concerns. UBS Analysts, led by Sky Han, explained that the stop will prompt an 8% drop in China&#8217;s lithium output, according to Bloomberg.
Lithium shares have struggled throughout the past year as lithium supply has exceeded demand. The drop in China&#8217;s lithium output could aid in rebalancing lithium supply and demand.
UBS reportedly mentioned it has a, "higher conviction this time&#8221; that the Jiangxi mining halt news is true. Past reports about halted mining operations have been shown to be false.
Related Link: <a href="https://www.benzinga.com/news/24/09/40775207/canada-nickel-receives-500m-loan-interest-from-government-agency-for-ontario-project">Canada Nickel Receives $500M Loan Interest From Government Agency For Ontario Project</a>
Price Action: At the time of writing, Sociedad Quimica y Minera stock is moving 10.4% higher at $38.53, Albemarle stock is moving 8.42% higher at $85.27 and Lithium Americas stock is trading 6.61% higher at $2.35 per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

Movers

Lithium Companies' Shares Are Moving Higher Wednesday: What's Going On?

SGML

Shares of lithium companies are trading higher amid a rise in the price of lithium. Chinese company Contemporary Amperex Technology halted production at its lepidolite mine in Yichun, Jiangxi.

General

CORRECTION: Lithium Stocks Are Higher

Shares of lithium companies are trading lower amid a drop in the price of the commodity. Weakness may be due to an ongoing oversupply, August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Jefferies analyst Alejandro Demichelis maintains Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) with a Buy and lowers the price target from $62.8 to $55.

Price Target

Jefferies Maintains Buy on Sociedad Quimica Y Minera, Lowers Price Target to $55

Source: <a href="https://www.streetwisereports.com/article/2024/08/21/test-results-prove-new-way-to-pretreat-lithium-brine-works.html?utm_medium=feed">Streetwise Reports 08/22/2024</a>
The technology was confirmed to be effective, sustainable and environmentally friendly. Read one analyst&#39;s thoughts about the news and investing in the company behind it.
Laboratory-scale testing of Lithos Group Ltd.&#39;s (OTC: <a class="ticker" href="https://www.benzinga.com/stock/litsf#OTC">LITSF</a>) proprietary AcQUA&trade; pretreatment technology on brines from Chile&#39;s Salar de Atacama resulted in robust recovery of lithium and removal of impurities, as noted in a news release.
&quot;This news is a really big deal because it means that the technology that the company has been developing to make possible the efficient production of lithium without the need for traditional evaporation ponds actually works and can be implemented&quot; Technical Analyst Clive Maund wrote on Streetwise Reports.
He added that this positive news &quot;could cause the stock to break dramatically to the upside.&quot;
The testing results confirmed that AcQUA&trade; removes magnesium, boric acid, calcium, and sulfates from lithium brines to the degree needed to produce high-purity lithium, which is required for battery manufacturing.
Results showed that AcQUA&trade; removes the impurities and increases lithium concentration only through its hybrid electropressure membrane process, not by using chemicals, reagents, fresh water, and/or traditionally used evaporation ponds.
Because of this, AcQUA&trade; minimizes environmental impact and water consumption in lithium mining, in alignment with the industry&#39;s move toward sustainability in operations.
Lithos conducted the testing with Sociedad Qu&iacute;mica y Minera (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqm#NYSE">SQM</a>), a global lithium producer in Chile committed to sustainability. The work was done at Lithos&#39; Bessemer, Ala., complex.
&quot;These achievements not only differentiate us within the industry but also enhance our competitive position, demonstrating our potential to meet the increasing demand for high-purity lithium crucial for renewable energy technologies&quot; Lithos Chief Executive Officer (CEO) Scott Taylor said in the release.
<h2>Supporting Lithium Demand</h2>
With the facility Headquartered in Bessemer, AL, Lithos Group is a mining technology company focused on the selective extraction of aqueous minerals.
With respect to lithium, Lithos&#39; AcQUA&trade; pretreats, selectively purifies, and concentrates lithium-enriched brines before lithium chloride is extracted. The patent-pending technology seamlessly integrates with any produced water management strategy.
As the testing with SQM demonstrated, AcQUA&trade; does not require chemicals, reagents, freshwater, or evaporation ponds, so none are used. According to Lithos Group, up to 98% of the input brine water gets recycled when AcQUA&trade; is employed for the conditioning and pretreatment process.
Because this first phase affects the entire lithium value chain through direct lithium extraction (DLE) into polishing and purification of battery-grade lithium feedstock, the technology used must be efficient. AcQUA&trade;, the company described in its 2024 Corporate Presentation, is not only efficient but also customer-validated and field-proven on an industrial scale.
<blockquote class="callOut left">Technical Analyst Maund has an Immediate Strong Buy rating on Lithos Group.</blockquote>
&quot;Upstream pretreatment efficiency represents the key bottleneck to the commercial viability of any DLE technology used downstream&quot; according to Lithos Group&#39;s website. &quot;If a raw brine can&#39;t be economically and selectively purified, then any downstream DLE or conversion work is meaningless.&quot; According to Benchmark, DLE encompasses various technologies that enable selective lithium extraction from brines.
AcQUA&trade; sets the stage for optimal lithium extraction. As noted in the company&#39;s online presentation, the technology reduces production time from years to weeks, materially increases production volumes with 96%-plus efficiency, leads to higher yields, and reduces operating expenses.
Currently, Lithos Group has strategic partnerships with various mineral resource owners, including owners of brines in Chile and Argentina&#39;s largest salars and the U.S.&#39; Marcellus and Smackover reservoirs. The mining tech firm has a strong, growing, executable sales pipeline along with its existing customers.
The company is in the midst of several paid projects for clients, including testing and demo manufacturing, taking place at its 50,000-square-foot Alabama processing facility, permitted for the production of pilot-scale lithium hydroxide. (It also has a 4,000-square-foot laboratory in Denver, Colo., too.)
Lithos Group is targeting Q4/24 for its first deployment in the field and initial recurrent sticky revenue. The first scale-up would follow, likely in Q1/25.
<h2>AcQUA&trade; Demand Growth: The Catalysts </h2>
The company said four key factors will contribute to the demand for Lithos Group&#39;s AcQUA&trade;. A major one is increasing governmental pressure to replace evaporation ponds with a cleaner, more sustainable alternative. In Chile, evaporation ponds are being phased out, and in the U.S., their use is banned.
A new opportunity in the States is another expected contributor. With AcQUA&trade;, lithium-rich areas previously not mineable because evaporation ponds could not be permitted can now be accessed and the resource extracted. Currently, the U.S. accounts for less than 1% of lithium production, according to a March 2024 article.
The third catalyst is the rising demand for lithium around the world.
After the above release, Scott Taylor told Streetwise Reports, &quot;We [Lithos] have three tier-one lithium producers that we have delivered successful processing fluid processing tests. Each of the three customers, including SQM, has requested commercial proposals for paid field work, which are all currently under consideration. We are working to sign and announce the final terms of these purchase orders in the next few weeks.&quot;
Two of these companies&#39; names are not currently public. The first one is SQM, which announced positive test results on its brines in the above press release.
According to Stockwatch, SQM and Albemarle have similar market caps of &gt;US$10 billion. It is one of the largest lithium stocks, per an article in USA Today. Others include Albemarle Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alb#NYSE">ALB</a>), Rio Tinto Plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>), and Arcadium Lithium Plc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/altm#NYSE">ALTM</a>).
<h2>Investment Opps Throughout Supply Chain</h2>
Global demand for lithium, a critical metal, is expected to continue the steady climb it commenced in 2020 to at least 2035, Statista data show, reaching 3,829,000 metric tons of lithium carbonate equivalent from 917,000 metric tons in 2023.
This increasing demand will keep spurring growth in the global lithium market, projected to hit US$6.4 billion (US$6.4B) in value by 2028 from US$2.5B in 2023, according to Markets and Markets. This change reflects a 20.4% compound annual growth rate.
Electric vehicles (EVs) and battery storage primarily will fuel future growth of the lithium market, Marin Katusa of Katusa Research wrote recently. He pointed out that all major electric vehicle batteries require lithium, about 1.55 pounds per kilowatt hour of battery capacity, on average. He also noted that global battery cell manufacturing capacity is expected to hit 7.2 terawatt hours in 2030, which is more than triple its capacity in 2023.
&quot;I think the data speaks for itself that there&#39;s more growth and opportunity on the horizon&quot; Katusa wrote.
Another major catalyst, noted Katusa, &quot;for the U.S.-friendly lithium sector&quot; is the country&#39;s policy regarding foreign entities of concern (FEOCs), entities owned or controlled by, or subject to the jurisdiction of, certain countries, today China, North Korea, Russia and Iran. This mandates that EVs no longer qualify for the EV tax credit if any of the vehicle&#39;s battery components came from an FEOC (as of 2024) or if any of the applicable critical minerals came from an FOEC (starting in 2025).
Despite increasing demand and all stages of new lithium projects coming online, the global lithium market is headed toward a supply deficit, which could happen as soon as 2025, Jacob White with Sprott Asset Management told Stockhead on August 9. Meanwhile, lithium prices may have hit their bottom. This is good news for investors, noted White, not just in lithium miners but also in companies throughout the supply chain.
<h2>Stock Rated Immediate Strong Buy</h2>
In the previously mentioned article, Technical Analyst Maund has an Immediate Strong Buy rating on Lithos Group. He explained that the mining tech company&#39;s stock price has been dropping lower and lower, but its accumulation line has been ascending higher and higher, &quot;creating a positive divergence that promises a reversal into a major bull market.&quot; He likened the phenomenon with the stock to someone pushing a large beach ball underwater. Eventually, it breaks free and pops up to the surface.
As such, Maund expects a powerful snapback rally for Lithos Group&#39;s stock in the near future, potentially taking the price initially and quickly to the CA$0.45&ndash;0.50 per share range. From where LITS is trading at the time of this article, this implies a 125&ndash;150% gain.
Therefore, Maund suggested that investors stay long in Lithos and possibly bolster their holdings.
<h2>Ownership and Share Structure</h2>
The company said that about 60% of Lithos is held by insiders and management. According to Reuters, this includes CEO Scott Taylor, who has 14.19%, Independent Director Michael Westlake, who has 0.71%, and Independent Director Kevin McKenna, who has 0.05%.
About 27% of the company is held by strategic entities. The rest is retail.
Lithos has a market cap of CA$20.7 million and about 84.62 million shares outstanding. Its 52-week range is CA$0.98 to CA$0.20.
Important Disclosures:
<ol>
<li>Lithos Group Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lithos Group Ltd.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Latin America

Mid Cap

Test Results Prove New Way to Pretreat Lithium Brine Works

Sociedad Quimica y Minera de Chile S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqm#NYSE">SQM</a>) posted a profit of $213.6 million or 75 cents per share in second-quarter 2024. The figure marks a decline from the $580.2 million or $2.03 per share registered in the year-ago quarter. Quarterly earnings also fell short of the Zacks Consensus Estimate of 99 cents per share.
SQM generated revenues of $1,293.6 million in the quarter, down around 37% year over year. The figure beat the Zacks Consensus Estimate of $1,260.7 million.
<div class="chart_embed">
<h3>Sociedad Quimica y Minera S.A. Price, Consensus and EPS Surprise</h3>
<img alt="Sociedad Quimica y Minera S.A. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/4f/1724330465.png" style="height:265px; width:582px" title="" />
Sociedad Quimica y Minera S.A. price-consensus-eps-surprise-chart | Sociedad Quimica y Minera S.A. Quote
</div>
<h2>Segment Highlights</h2>
Revenues from the Lithium and Derivatives segment fell nearly 55% year over year to $664.7 million in the reported quarter. Despite a near 21% increase in sales volumes, the downside was caused by a sharp 63% reduction in average sales prices.
The Specialty Plant Nutrients segment generated revenues of $260.5 million, up 5% year over year. This upside was primarily driven by higher sales volumes, though it was tempered by lower average sales prices.
The Iodine and Derivatives segment posted revenues of $269.2 million, up around 22% from the prior year&#39;s levels, benefiting from higher sales volumes and increased sales prices.
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.
The Industrial Chemicals unit recorded sales of $20.5 million, down around 56% year over year. The figure was partially dented by significantly lower sales volumes despite higher average sales prices.
<h2>Financials</h2>
The company&#39;s cash and cash equivalents were $1,033.1 million at the end of the quarter, down around 22% sequentially. Long-term debt was $2,946.2 million, flat sequentially.
<h2>Outlook</h2>
SQM&#39;s production guidance remains unchanged from earlier this year, with expectations to produce approximately 210,000 metric tons of lithium carbonate equivalent from its production facilities. Sales volumes in the second half of the year are anticipated to be similar to those reported in the first half of 2024.
Positive trends have been observed in the potassium nitrate market during the first half of this year, driven by strong demand growth and stable market prices. The firm projects that total market demand for potassium nitrate could rise by nearly 13% compared with 2023 levels. As a result, its sales volumes are expected to outpace this demand growth, increasing by close to 20% in 2024 from the previous year&#39;s tally. Price stability seen in the first half of 2024 is expected to continue through the remainder of the year, assuming market conditions remain consistent.
In the iodine market, stronger-than-anticipated demand growth was seen in the first half of the year, a trend the company believes could extend into the second half. Total iodine demand growth in 2024 is projected to reach approximately 7% year over year, primarily driven by applications in X-ray contrast media and LCD/LED screen segments. Given these favorable trends, SQM expects its iodine sales volumes in 2024 to exceed 14,500 metric tons, surpassing the levels reported for 2023. Iodine prices have shown a slight increase since the first quarter, with the potential for further price gains in the second half due to robust demand and limited supply.
Global demand growth for potassium remained robust in the first half of 2024, with total demand projected to exceed 70 million metric tons by the year-end. The company expects its sales volumes to reach 650,000 metric tons in 2024.
Quarterly sales volumes for industrial chemicals are anticipated to remain steady throughout the year, with market prices likely to stay stable for the remainder of 2024.
<h2>Price Performance</h2>
SQM&#39;s shares have plunged 41.8% over a year compared with the&nbsp;industry&#39;s decline of 22.1%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/36/75021.jpg?v=1447011419" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank &amp; Key Picks</h2>
SQM currently carries a Zacks Rank #5 (Strong Sell).&nbsp;
Some better-ranked stocks in the Basic Materials space are Newmont Corporation, Element Solutions Inc and Barrick Gold Corporation. Newmont and ElementSolutionssport a Zacks Rank #1 (Strong Buy), while Barrick Gold carries a Zacks Rank #2 (Buy) each.
The Zacks Consensus Estimate for Newmont&#39;s current-year earnings is pegged at $2.82, indicating a rise of 75% from the year-ago levels. The consensus for NEM&#39;s earnings has increased 16% in the past 60 days.The stock has gained nearly 34.4% in the past year.
The Zacks Consensus Estimate for ESI&#39;s current-year earnings is pegged at $1.42, indicating a rise of 10% from the year-ago levels. ESI beat the consensus estimate in three of the last four quarters, with the average earnings surprise being 3.8%. The stock has rallied nearly 36.8% in the past year.
The Zacks Consensus Estimate for GOLD&#39;s current year earnings is pegged at $1.21, indicating a year-over-year rise of 44%. GOLD&#39;s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average earnings surprise being 21.2%. The company&#39;s shares have increased 30.2% in the past year.
<a href="https://www.zacks.com/stock/news/2325836/sociedad-quimica-sqm-misses-q2-earnings-estimates-tops-sales?cid=CS-BENZ-FT-analyst_blog|earnings_article-2325836">To read this article on Zacks.com click here.</a>

Earnings

Earnings Misses

Guidance

Sociedad Quimica Misses Q2 Earnings Estimates, Tops Sales

SQM Executive Believes Current Lithium Industry Capex Is Strong, But Expects Long-Term Lithium Prices To Differ From Today's Levels; Confident Lithium Prices Will Change In The Future, Emphasizing Clear Investment Plan In The Industry

SQM CEO Says See Second Half Lithium Sales Volume Similar To First Half

During the last three months, 6 analysts shared their evaluations of Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Sociedad Quimica Y Minera, presenting an average target of $44.33, a high estimate of $65.00, and a low estimate of $35.00. Observing a downward trend, the current average is 12.04% lower than the prior average price target of $50.40. 
<img src="https://www.benzinga.com/files/images/story/2024/1724256043_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Sociedad Quimica Y Minera by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Isabella Simonato</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$38.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Andres Castanos Mollor</td>
<td>Berenberg</td>
<td>Announces</td>
<td>Hold</td>
<td>$35.00</td>
<td>-</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$36.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Isabella Simonato</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$47.00</td>
<td>$48.00</td>
</tr>
<tr>
<td>Corinne Blanchard</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$45.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Joel Jackson</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$65.00</td>
<td>$70.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Sociedad Quimica Y Minera. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sociedad Quimica Y Minera compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Sociedad Quimica Y Minera's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SQM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sociedad Quimica Y Minera analyst ratings.</a>
<h2>All You Need to Know About Sociedad Quimica Y Minera</h2>
Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality salt brine deposits and caliche ore. SQM is developing a hard rock lithium project in Australia and expanding its lithium refining assets in China.
<h3>Breaking Down Sociedad Quimica Y Minera's Financial Performance</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Sociedad Quimica Y Minera's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -52.09% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Sociedad Quimica Y Minera's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -80.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Sociedad Quimica Y Minera's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -17.08%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -7.8%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Sociedad Quimica Y Minera's debt-to-equity ratio is below the industry average at 0.96, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 6 Analyst Ratings Have To Say About Sociedad Quimica Y Minera

Sociedad Quimca Y Minera shares are trading higher after the company reported better-than-expected Q2 revenue results.

B of A Securities analyst Isabella Simonato maintains Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) with a Underperform and lowers the price target from $47 to $38.

B of A Securities Maintains Underperform on Sociedad Quimica Y Minera, Lowers Price Target to $38

Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) reported quarterly earnings of $0.75 per share which missed the analyst consensus estimate of $0.98 by 23.47 percent. This is a 63.05 percent decrease over earnings of $2.03 per share from the same period last year. The company reported quarterly sales of $1.293 billion which beat the analyst consensus estimate of $1.251 billion by 3.38 percent. This is a 36.99 percent decrease over sales of $2.052 billion the same period last year.

Earnings Beats

Sociedad Quimica Y Minera Q2 2024 GAAP EPS $0.75 Misses $0.98 Estimate, Sales $1.293B Beat $1.251B Estimate

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Berenberg Bank analyst Andres Castanos-Mollor maintained a Hold rating on Sociedad Quimica Y Minera SA (SQM – Research Report) yesterday and set a ...

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Sociedad Quimica Y Minera (NYSE:<a href="https://investorplace.com/stock-quotes/sqm-stock-quote/">SQM</a>) just reported results for the second quarter of 2024.<ul><li>Sociedad Quimica Y Minera reported earnings per share of -$3.04. This was below the analyst estimate for EPS of 91 cents.</li><li>The company reported revenue of $1.09 billion.</li><li>This was 12.50% worse than the analyst estimate for revenue of $1.24 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/sqm-stock-earnings-sociedad-quimica-y-minera-for-q2-of-2024/">SQM Stock Earnings: Sociedad Quimica Y Minera Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SQM Stock Earnings: Sociedad Quimica Y Minera Misses EPS, Misses Revenue for Q2 2024

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Press Releases

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Opinion

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칠레의 국영 광산 회사인 코델코(Codelco)는 2030년까지 마리쿤가(Mariculga) 현장에서 리튬 생산 시작을 목표로 하고 있다.
칠레 산티아고에 본사를 둔 이 회사는 처음부터 프로젝트를 개발하고 있으며 이러한 노력을 위한 파트너를 찾고 있다.
로이터에 따르면 로스차일드(Rothschild &amp; Co)는 파트너 후보를 평가하고 있다. 코델코는 2025년 1분기까지 파트너 검색을 마무리하는 것을 목표로 하고 있다.
참고 자료: <a href="https://www.benzinga.com/news/24/06/39206488/antofagasta-signs-600-million-deal-to-boost-water-supply-for-centinela-expansion">안토파가스타, 센티넬라 확장을 위한 수도 공급 증진을 위한 6억 달러 계약 서명</a>
아타카마 사막에 위치한 마리쿤가 현장은 전기차(EV) 배터리의 필수 금속인 리튬을 상당량 공급할 것으로 예상된다. 이 프로젝트에는 두 가지 단계가 있다:
<ul>
<li>이 프로젝트의 첫 번째 단계에서는 초기 자본 지출이 12억 달러로 전통적인 증발 연못을 사용하여 연간 20,000미터톤의 탄산리튬 환산(LCE)을 생산하는 데 중점을 둘 것이다.</li>
<li>나중에 시작될 것으로 예상되는 두 번째 단계는 직접 리튬 추출(DLE) 기술을 통해 연간 30,000미터톤의 LCE를 추가로 생산하는 것을 목표로 하며, 예상 자본 지출은 11억 달러이다.</li>
</ul>
환경적 이점을 위해 DLE를 활용하라는 칠레의 대통령인 가브리엘 보리치의 지시에도 불구하고 증발 연못을 사용하는 오랜 전통은 DLE 기술이 아직 대규모 채택을 위한 준비가 되어 있지 않음을 시사한다.
코델코는 이것을 바꾸는 것을 목표로 한다. 최근 발표된 SQM(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)과의 파트너십은 2023년까지 DLE 적응을 목표로 하고 있다. 기자회견에서 이 파트너십을 <a href="https://www.codelco.com/codelco-y-sqm-firman-acuerdo-para-asociacion-que-da-a-chile-liderazgo-en" target="_blank" rel="noopener">발표</a>하면서 코델코의 의장인 막시모 파체코(Maximo Pacheco)는 마리쿤가와 관련된 상황을 다루었다.
"우리는 강력한 재정적 지원, 검증된 파트너십 경험, 리튬에 대한 풍부한 지식을 갖춘 파트너를 찾고 있다. 우리의 선택 과정은 매우 개방적이고 유연하도록 설계되었다"고 그가 말했다.
그는 &#8220;우리는 모든 제안을 고려하고 그것이 우리의 전략적 목표에 어떻게 부합하는지에 따라 평가할 것&#8221;이라고 밝혔으며, 국제 기업을 포함해 30~40개 기업이 이 프로젝트에 관심을 표명했다고 밝혔습니다.
&#8220;우리는 제안된 모든 제안을 고려하고 이들이 우리의 전략적 목표와 어떻게 부합하는지를 평가할 것이다&#8221;고 그가 이를 명확히 하며 이 프로젝트에 관심을 표명한 국제기업들을 포함하여 30~40개 기업이 DLE 파트너십에 관심을 표명한다고 언급했다.
이제 읽기: <a href="https://www.benzinga.com/government/24/06/39204696/us-lithium-industry-gets-a-win-as-piedmont-saga-advances-but-permitting-remains-a-headwind">미국 리튬 산업은 피드몬트 사가의 발전으로 승리를 거두었지만 허가는 여전히 역풍으로 남아</a>
Benzinga Mining은 광산업 기업과 소매투자자 간의 다리 역할을 하고 있습니다. <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a>에 문의하여 시작하세요!

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Sociedad Quimica Y Minera

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토요일, 6월 08, 2024

사람들이 또한 지켜본다

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