Ann: Quarterly Reports - December 2017, page-167

Last weeks 10% drop in one session was apparently due to RIO walking away from talks to acquire a stake in SQM, which we now know was more than likely due to the onerous conditions being imposed on SQM by corfo.

This week its news that SQM may be able to increase production to 2.2m/t pa once certain conditions are met however no time frame has been given for the approval process or how long it will take SQM to comply with the conditions, let alone the time it will take SQM to expand capacity. This is apparently going to put downward pressure on Li price at some stage, in the future.

Short to medium term outlook, things still look peachy and GXY is killing it.
But forget all that and sell sell sell because the long term Li doesn't look as bullish anymore lol