SQM Stock Recent News

SQM (SQM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Four Indian state firms are in talks with Chilean miner SQM to acquire a 20% stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi's biggest effort to secure supplies of the key EV battery metal.

Sociedad Química y Minera de Chile is rated a Buy due to projected growth in the EV market, driving future lithium demand and revenue. Partnership with Codelco in 2031 is set to lower 20-25% of SQM's lithium revenue, which currently accounts for 43% of the company's profits. SQM is expanding lithium production, particularly in Chile, to meet rising demand, with diversified operations in Australia and China for stability.

SQM sees a 33% year-over-year decline in sales in the Lithium and Derivatives unit in Q4 as higher lithium sales volumes were more than offset by lower prices.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q4 2024 Earnings Conference Call March 5, 2025 10:00 AM ET Company Participants Isabel Bendeck - Investor Relations Officer Gerardo Illanes - Vice President Services and Finance Carlos Díaz Ortiz - General Manager, Lithium Potassium Division Pablo Altimiras - General Manager, Nitrates Iodine Division Mark Fones - Vice President of Strategies and M&A Lithium Felipe Smith - Commercial Vice President of Lithium Juan Pablo Bellolio - Commercial Vice President of Iodine and Industrial Chemicals Pablo Hernandez - VP of Strategy and Development Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Rafael Barcellos - Bradesco BBI Corinne Blanchard - Deutsche Bank Andres Castanos-Mollor - Berenberg Juraj Domic - LarrainVial Operator Good day, and thank you for standing by.

Two of these lithium stocks look a lot riskier than the third.

VANCOUVER, BC , Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd.

Chinese battery maker CATL is contemplating shutting down one of the country's largest lithium mines, citing low lithium prices and high cost of production. A shutdown could cut Chinese lithium production by 8% -- or fail to cut it at all.

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 Bellolio - Commercial Vice President of Iodine and Industrial Chemicals Conference Call Participants Apurva Kilambi - Scotiabank Isabella Simonato - Bank of America Lucas Ferreira - JPMorgan Alejandro Demichelis - Jefferies Santhosh Seshadri - HSBC Marcio Filho - Goldman Sachs Cesar Perez-Novoa - BTG Pactual Corinne Blanchard - Deutsche Bank Camilla Barder - Bradesco Operator Good afternoon, and welcome to the SQM Second Quarter 2024 Earnings Conference Call.

SQM posted a mixed earnings release. However, there are reasons to be optimistic. Lithium prices have plummeted, impacting SQM's revenue and earnings markedly. SQM's low-cost position, places it well as it attempts to gain market share by not curtailing production.