Lithium research with KDR overweight, page-3

Excellent article
Lots of grabs including this gem.
"Given the above, there may be some merit in market commentary suggesting that SQM is feeding the oversupply camp the narrative it needs - resulting in temporary negative industry sentiment giving itself time to ramp up production before juniors & competitors can at lower all-in production costs. At US$20,000/t Li2CO3, SQM's opex of $8,000/t makes it closer to being the marginal producer - competitors are claiming $3,000 - $5,000/t. In short, SQM is only at the low end of the cost curve if prices are low - not an enviable position longer term - they need to diversify for many reasons."

KDR are low quartile? Huge resource but some time away from production (still awaiting decision to mine!!!)