The writing has been on the wall for some time, as posted many times, Chile production has not increased above 2016 levels, and for good reason, it can't.
SQM & ALB expansion plans were targeting a combined 370kt pa, which was never going to eventuate, and this is additional confirmation.
Will SQM & ALB be able to maintain current Chile production of ~80kt pa, given they are already overdrawing?
Assuming they can maintain 80kt, analyst will need to strip 290kt out of their (paper) supply forecasts, which is equivalent to 2.2 mill tonnes of SC6 or put another way, PLS stage 3, Wodgina stage 3 and AJM production combined.
The writing has been on the wall for some time, as posted many...
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$2.99 |
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Mkt cap ! $8.804B | |||
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| PLS (ASX) Chart |