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Thursday, May 24, 2018

-=Sociedad Quimica y Minera (SQM) reported earnings on Thur 24 May 18 (b/o)

Sociedad Química y Minera de Chile is a Chilean chemical company and a supplier of plant nutrients, iodine, lithium and industrial chemicals. It is the world’s biggest lithium producer.
Headquarters: Santiago, Chile
Number of employees: 4,902
Sector: Basic Materials
Industry: Chemicals
Founded:  1968

Sociedad Quimica y Minera reports Q1 results 
  • Co reports Q1 $0.43 vs $0.45 Capital IQ Consensus Estimate; revs roughly unchanged YoY at $518.7 mln vs $529.27 mln Capital IQ Consensus Estimate
  • "We were pleased to see a positive pricing trend in the iodine market, and average prices were significantly higher during the first quarter of 2018 than prices seen during the same period last year. Sales volumes reached 3,200 MT, and we believe we will be able to sell approximately 13,000 MT this year. Our iodine expansion is also on target to reach 14,000 MT of capacity by the end of this year."
  • Following the protocols established for these cases, SQM Salar's total extraction volume in the Salar de Atacama, has been reduced from a maximum average of 1,500 liters per second per year to 1,250 liters per second per year for a period of six months. In addition, SQM Salar will send a complete analysis to the authorities within the next few weeks. In this period.

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