Lithium 'Headlines' Are Worse Than Reality, Nomura Instinet Says
By Aoyon Ashraf
(Bloomberg) --
SQM reaching an agreement with Corfo was largely in line with prior estimates, and hasn’t changed industry dynamics, Nomura Instinet analyst Aleksey Yefremov writes, citing conversation with the company.
SQM will increase capacity in several phases; first phase of 50k tons will likely be over next 3-4 years; additional expansion of up to 100k tons will come in stages, based on market’s supply/demand environment
Expects SQM to take measured approach to capacity additions as company emphasized that it’s not looking to "increase production at all cost"
KDR Price at posting:
$1.84 Sentiment: Sell Disclosure: Held
