Argentine Brine Comparables, page-124

Thank you both very much. When I look at expert analyses and notice irregularities, I first question myself. What am I missing or what am I not understanding?But as my examples with Macquarie or GS (for which I even created a separate “Godman Sachs” thread) have already shown, it is worth taking a closer look. I find it astonishing how high the error rate is in such publications. After all, you should have your own quality standards, shouldn't you?

In any case, this encourages me to create my own supply & demand models based on several sources and to make a qualitative selection.

@Triple gh ....may have been written by a half a monkey...

@Thomy Yes, the significant deviations from the forecast are interesting. That's why I like to compare current reports with previous ones.I have commented several times on SQM's flooding strategy. It is a misjudgment and a wrong short-term economic strategy. There have been many complaints about manipulative behavior on the Chinese side due to artificial overproduction. This is only partially true and undifferentiated if you look at the Chinese lithium market, which is very fragmented with countless suppliers that were born during the high price phase.The market has already undergone a significant shakeout and consolidation due to project economics.
SQM sells its white powder mainly to China. By the way, CATL reported record profits again a week ago. Also thanks to SQM.
If I take aim at SQM in this way, it is probably a bit unfair to those responsible at SQM before state-owned Codelco came on board.But at least they kept their jobs

Although they talk about a partnership, the fact is that the “previous managers” can no longer determine anything.

Codelco, the state, decides.This is no excuse for market misconduct, but it is important to understand that SQM was the largest taxpayer in Chile during the high price phase of lithium.I don't know what the Chilean state budget is like, but it is certainly very painful when billions of dollars in revenue are lost.Furthermore, due to a profit transfer agreement (my term), Codelco is the most profitable shareholder in the entire lithium industry.
I like to say: greed eats brains!

I would like to put forward the following thesis:Is SQM currently the biggest lithium market price manipulator?