RE:SQM financials for QC 2019 are inHi S-S,
What I don't like SQM's Q2 results are the CEO's comments. We all know that over-supply is the main cause of the weak Li price, the low Li price affect every producers. Unlike Albemarle, the CEO said they are still going to take back their market shares and expanding their production, regardless the Li price, and are going to expand to 120K in 2021, 160K in 2023. SQM like Kazakhzan in Uranium, in order to gain the market shares, they have been over producing U, depressing U price, F*U every one in the U industry, including themself.
ORL reported its earning as well, they anticipate the Q3 Li price will be around $7,250/ton, I assume it is technical grade.
The battery metals are in deep depressing now, but if you have a long view on the EV, then it is a good time to buy and hold, wait out the storm.
tiger
supersceptic wrote: Year to year revenue from Li is down from 184M to 139M
Margin from Li is not reported, because SQM pools COGS (Li is 28% of total revenue).
Li production 9% up, year per year basis.
Q2 2018 Li price 16K/t and Q2 2019 11.5K/t
EBIDTA is healthy 32%