KDR chart., page-127

I  think many traders have missed an important point of this deal which makes it quit attractive

Kidman and SQM plan to go one step further and locally convert Earl Grey's lithium concentrate into one of the lithium chemicals sought after by battery manufacturers – lithium hydroxide or lithium carbonate.

"We think there are some fundamental reasons why it is a better business model," Mr Donohue said.
"An integrated model like the one we are now embarking on should generate more free cash in the good times but also ride out the bad times that will eventually come one day."