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Sociedad Quimica y Minera de Chile ADR Rep 1 Series B SQM

Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.


NYSE:SQM - Post by User

Comment by MaterialsManon May 08, 2023 5:35pm
192 Views
Post# 35437327

RE:Huge Stock Price Drop

RE:Huge Stock Price DropThe Chile business could be more than just a tax. I believe there are more implications than meet the eye. For example, a state run company named Codelco is, I believe, supposed to "renegotiate" the terms of the deal between SQM and the Gov't of Chile. If they decide to play hardball, I don't think that SQM would have much choice but to go along. ALB is in the same boat. If a South American or Central American country wants to renege on a contract, there is nothing a company on the short end of the stick can do but sue. Good luck with that.
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