In Q2, SQM's earnings of EPS $0.75 fell short of analyst estimates of $0.96, while revenues came in at $1.29B vs $1.23B.
...didn't I tell you that lithium majors need to produce more to partially offset lower prices?
...and they will continue to do so. Which means lithium producers than can produce cheaply and increase their production tonnage are best placed to weather the lithium winter hibernation. They won't be cutting supply to help improve lithium prices.
...ironically the most optimistic lithium hodlers are in lithium stocks that are high cost producers, notably the one with swanky new billion dollar plant waiting in line to produce.
SQM Q2 - the best lithium chemical price indicator. After ALB & ALTM reported Q2, SQM shows us higher volumes and essentially flat price.
