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.
Sociedad Quimica's (SQM) earnings miss estimates, while sales beat the same in Q2 amid lower average selling prices in lithium and SPN units.
Chilean lithium miner SQM said on Monday that it had reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key for the production of electric vehicle batteries.
Sociedad Quimica (SQM) beats first-quarter estimates on higher sales volumes amid headwinds from lower prices.
Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q1 2024 Earnings Conference Call May 23, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Gerardo Illanes - Chief Financial Officer Carlos Diaz - Executive Vice President of Lithium Mark Fones - Vice President of Lithium Development and M&A Juan Pablo Bellolio - Commercial Vice President of Iodine & Industrial Chemicals Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Corinne Blanchard - Deutsche Bank Cesar Perez-Novoa - BTG Pactual Operator Good day, and welcome to the SQM First Quarter 2024 Earnings Conference Call.