And with fresh water issues in the Atacama it will only act to...

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Ninja Tuna

2,848 Posts.

994

04/12/18

08:07

Post #: 36738065
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Originally posted by RiC088 ↑

I wonder how Sqm will supposedly triple production to keep up with demand by 2025 when they cant even maintain their current level.

SANTIAGO, Nov 22 (Reuters) - Chilean miner SQM said on Thursday that delays in a project to boost output of lithium from salt flat Salar de Atacama slashed sales volumes of the ultralight battery metal by 27 percent in the third quarter.
SQM , the world's No. 2 producer of lithium, said the previously announced delays were partly offset by high prices and 25 percent growth in demand in 2018 on sales to producers of electric vehicles.

"These two factors have contributed to market prices remaining high during the third quarter," Chief Executive Officer Patricio de Solminihac said after the company reported that third-quarter profit fell. "It is expected that prices will remain at these levels for the remainder of the year."
Prices so far this year have averaged $16,5000 per tonne, up from $13,500 in 2017, according to the company's earnings statement.

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And with fresh water issues in the Atacama it will only act to wreck SQM and ALBs production

A lot of the oversupply ramp was based on SQM quadrupling production. One cannot extract more lithium without extracting more brine which wrecks the fresh water table even more. So with bans in place that’s pretty much a nail in the coffin for their expansions.

Not advice

Last edited by Ninja Tuna: 04/12/18

GXY Price at posting: $2.78 Sentiment: Buy Disclosure: Held
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