Sociedad QuÃmica y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services worldwide. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers for crops, such as vegetables, fruits, and industrial crops. It also provides iodine and its derivatives for use in medical, pharmaceutical, agricultural, and industrial applications comprising x-ray contrast media, polarizing films for LCD and LED, antiseptics, biocides and disinfectants, pharmaceutical synthesis, electronics, pigments, and dye components. In addition, the company offers lithium carbonates for various applications that include electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass, air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals, and lithium derivatives. Further, it supplies lithium hydroxide for the lubricating greases industry, as well as cathodes for batteries. Additionally, it offers potassium chloride and potassium sulfate for various crops, including corn, rice, sugar, soybean, and wheat; industrial chemicals, including sodium nitrate, potassium nitrate, potassium chloride, and solar salts; and other fertilizers and blends. The company was founded in 1968 and is headquartered in Santiago, Chile.
IPO Year: 1993
Exchange: NYSE
Website: sqm.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2024 | $55.00 → $44.00 | Overweight → Neutral | JP Morgan |
| 8/9/2024 | Neutral → Buy | Goldman | |
| 7/31/2024 | $35.00 | Hold | Berenberg |
| 4/8/2024 | $52.00 → $62.80 | Hold → Buy | Jefferies |
| 1/11/2024 | $58.00 → $52.00 | Buy → Hold | Deutsche Bank |
| 12/15/2023 | Sell → Neutral | Goldman | |
| 10/26/2023 | $84.00 | Sector Perform → Sector Outperform | Scotiabank |
| 10/18/2023 | $69.00 → $59.00 | Neutral → Underperform | BofA Securities |
| 9/13/2023 | $85.00 | Buy | Citigroup |
| 5/19/2023 | $60.00 | Sell | Goldman |
SC 13G/A - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Subject)
SC 13G - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Subject)
Highlights SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of US$6,155.9 million for the same period last year. Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of US$1,809.5 million or US$6.33 per share for the same period last year. Solid sales volumes in lithium, iodine, and fertilizer businesses. SPN and Potassium businesses posted healthy growth showing market recovery. Slight increase in iodine prices, due to strong market demand and limited supply. First lithium sales from the SQM International lithium division.SQM wi
VANCOUVER, BC, Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd. ("LiTHOS" or the "Company") (CBOE CA: LITS), a leader in sustainable lithium brine production technologies, is pleased to provide shareholders with a Q3 corporate and operational update highlighting significant advances in the company's AcQUA™ and TiERRA™ technologies, and new strategic partnerships with major lithium producers. Scott Taylor, CEO of LiTHOS, shared his enthusiasm about the company's recent progress: "Our AcQUA™ technology continues to prove its effectiveness, especially in our collaboration with Soc
Highlights • SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. • Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year. • Strong sales volumes growth in lithium, iodine and fertilizer businesses. • Record-high quarterly sales volumes in lithium and iodine businesses, surpassing 52,000 metric tons and 4,000 metric tons, respectively. • Signed definitive partnership agreement with Codelco to j
SQM DLE team have found AcQUA™ technology viable, and the results encouraging VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ - LiTHOS Group Ltd. ("LiTHOS" or the "Company") (CBOE CA: LITS) (OTCQB:LITSF) (FSE: YU8) (WKN: A3ES4Q), a leader in sustainable lithium brine production technologies, is pleased to announce the successful completion of laboratory-scale tests using its AcQUA™ pre-treatment technology. These results were obtained from a series of successful fluid processing tests with global lithium producer SQM (NYSE:SQM, Santiago Stock Exchange: SQM-A, SQM-B))). AcQUA™ pre-treatment demonstrated robust lithium yield recovery together with impurity removal. The tests were conducted at LiTHOS
Highlights • SQM reported total revenues for the three months ended March 31, 2024 of US$1,084.5 million compared to total revenues of US$2,263.9 million for the same period last year. • Net loss(1) for the three months ended March 31, 2024 of (US$869.5) million or (US$3.04) per share, compared to net income of US$749.9 million, US$2.63 per share for the same period last year. • Over 30% year-on-year higher sales volumes in lithium business, surpassing 43,000 metric tons in 1Q2024. • Revised and increased FY2024 lithium sales volumes guidance. • Record-high quarterly sales volumes in iodine business, over 3,700 metric tons in 1Q2024. •
USA News Group Commentary Issued on behalf of Lithium South Development Corporation VANCOUVER, BC, May 3, 2024 /PRNewswire/ -- USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Co
SANTIAGO, Chile, Feb. 28, 2024 /PRNewswire/ -- Highlights SQM reported net income for the twelve months ended December 31, 2023 of US$2,012.7 million compared to US$3,906.3 million for the same period last year. Earnings per share totaled US$7.05 for the twelve months ended December 31, 2023.Revenues for the twelve months ended December 31, 2023, reached US$7,467.5 million compared to US$10,710.6 million reported for the same period last year.Lithium sales volumes reached new record with over 170,000 metric tons sold in 2023; first production of spodumene concentrate commenced at Mt. Holland during the fourth quarter of 2023.SQM will hold a conference call to discuss these results on Thur
PARIS, Nov. 29, 2023 /PRNewswire/ -- With its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, ADIONICS has once again captivated investors, raising $27 million in its Series B funding round. Adionics' historical stakeholders took part in this operation, along with newcomer strategic investor SQM, a mining leader in lithium production from brines. This move is supported by returning investors, including Bpifrance, via the PSIM funds managed on behalf of the French state as part of the France 2030 program, Supernova Invest, Céleste Management and Ovive, who are reaffirming their trust in Adionics.
Highlights SQM reported net income for the nine months ended September 30, 2023 of US$1,809.5 million compared to US$2,755.3 million for the same period last year. Earnings per share totaled US$6.33 for the nine months ended September 30, 2023.Revenues for the nine months ended September 30, 2023, reached US$6,155.9 million compared to US$7,577.0 million reported for the same period last year.SQM received IRMA 75, the highest score to date, for its lithium mining operation in the Salar de Atacama.Total contribution to the Chilean treasury amounted to approximately US$2.4 billion for the nine months ended September 30, 2023.SQM will hold a conference call to discuss these results on Thursday,
Highlights SQM reported net income for the six months ended June 30, 2023 of US$1,330.1 million compared to US$1,655.4 million for the same period last year. Earnings per share totaled US$4.66 for the six months ended June 30, 2023.Revenues for the six months ended June 30, 2023, reached US$4,315.6 million compared to US$4,618.6 million reported for the same period last year.SQM signed long-term lithium supply agreements with Ford Motor Company and LG Energy Solution.Total contribution to the Chilean treasury amounted to approximately US$1.7 billion for the six months ended June 30, 2023.SQM will hold a conference call to discuss these results on Thursday, August 17, at 12:00pm ET (12:00pm C
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K/A - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
SD - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
6-K - CHEMICAL & MINING CO OF CHILE INC (0000909037) (Filer)
Deutsche Bank analyst Corinne Blanchard maintains Sociedad Quimica Y Minera (NYSE:SQM) with a Hold and lowers the price target from $45 to $36.
Chile's state-owned mining company, Codelco, is targeting the start of lithium production at its Maricunga site by 2030. The Santiago, Chile-based company is developing the project from scratch and searching for a partner for such an endeavor. Rothschild & Co is evaluating partner candidates, according to Reuters. Codelco aims to conclude the partner search by the first quarter of 2025. See Also: Antofagasta Signs $600-Million Deal To Boost Water Supply For Centinela Expansion The Maricunga site, located in the Atacama Desert, is expected to supply a substantial amount of lithium — an essential metal in electric vehicle (EV) batteries. There are two phases for the project:
B of A Securities analyst Isabella Simonato maintains Sociedad Quimica Y Minera (NYSE:SQM) with a Underperform and lowers the price target from $48 to $47.
Deutsche Bank analyst Corinne Blanchard maintains Sociedad Quimica Y Minera (NYSE:SQM) with a Hold and raises the price target from $42 to $45.
7 analysts have shared their evaluations of Sociedad Quimica Y Minera (NYSE:SQM) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 2 0 0 3M Ago 0 2 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $57.76, a high estimate of $70.00, and a low estimate of $42.00. This current average repr
BMO Capital analyst Joel Jackson maintains Sociedad Quimica Y Minera (NYSE:SQM) with a Outperform and lowers the price target from $70 to $65.
Things are looking up for lithium prices as Chinese companies return to the market after a period of working through existing inventories, helping to end a monthslong slide. The move higher will likely be gradual, as opposed to the record spike the market saw in 2022 when prices surged amid a bullish outlook for electric vehicle battery demand, increased market-led contract pricing mechanisms and sanctions that crimped the supply into Europe from Russia after it invaded Ukraine. Since then, expectations for electric vehicle adoption growth have been tempered by high prices amid inflation, range anxiety, concerns about resale value and impatience with charging times. Despite decreasing
Highlights SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of US$6,155.9 million for the same period last year. Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of US$1,809.5 million or US$6.33 per share for the same period last year. Solid sales volumes in lithium, iodine, and fertilizer businesses. SPN and Potassium businesses posted healthy growth showing market recovery. Slight increase in iodine prices, due to strong market demand and limited supply. First lithium sales from the SQM International lithium division.SQM wi
Highlights • SQM reported total revenues for the six months ended June 30, 2024 of US$2,378.1 million compared to total revenues of US$4,315.6 million for the same period last year. • Net loss for the six months ended June 30, 2024 of (US$655.9) million or (US$2.30) per share, compared to net income of US$1,330.1 million or US$4.66 per share for the same period last year. • Strong sales volumes growth in lithium, iodine and fertilizer businesses. • Record-high quarterly sales volumes in lithium and iodine businesses, surpassing 52,000 metric tons and 4,000 metric tons, respectively. • Signed definitive partnership agreement with Codelco to j
Highlights • SQM reported total revenues for the three months ended March 31, 2024 of US$1,084.5 million compared to total revenues of US$2,263.9 million for the same period last year. • Net loss(1) for the three months ended March 31, 2024 of (US$869.5) million or (US$3.04) per share, compared to net income of US$749.9 million, US$2.63 per share for the same period last year. • Over 30% year-on-year higher sales volumes in lithium business, surpassing 43,000 metric tons in 1Q2024. • Revised and increased FY2024 lithium sales volumes guidance. • Record-high quarterly sales volumes in iodine business, over 3,700 metric tons in 1Q2024. •
SANTIAGO, Chile, Feb. 28, 2024 /PRNewswire/ -- Highlights SQM reported net income for the twelve months ended December 31, 2023 of US$2,012.7 million compared to US$3,906.3 million for the same period last year. Earnings per share totaled US$7.05 for the twelve months ended December 31, 2023.Revenues for the twelve months ended December 31, 2023, reached US$7,467.5 million compared to US$10,710.6 million reported for the same period last year.Lithium sales volumes reached new record with over 170,000 metric tons sold in 2023; first production of spodumene concentrate commenced at Mt. Holland during the fourth quarter of 2023.SQM will hold a conference call to discuss these results on Thur
Highlights SQM reported net income for the nine months ended September 30, 2023 of US$1,809.5 million compared to US$2,755.3 million for the same period last year. Earnings per share totaled US$6.33 for the nine months ended September 30, 2023.Revenues for the nine months ended September 30, 2023, reached US$6,155.9 million compared to US$7,577.0 million reported for the same period last year.SQM received IRMA 75, the highest score to date, for its lithium mining operation in the Salar de Atacama.Total contribution to the Chilean treasury amounted to approximately US$2.4 billion for the nine months ended September 30, 2023.SQM will hold a conference call to discuss these results on Thursday,
Highlights SQM reported net income for the six months ended June 30, 2023 of US$1,330.1 million compared to US$1,655.4 million for the same period last year. Earnings per share totaled US$4.66 for the six months ended June 30, 2023.Revenues for the six months ended June 30, 2023, reached US$4,315.6 million compared to US$4,618.6 million reported for the same period last year.SQM signed long-term lithium supply agreements with Ford Motor Company and LG Energy Solution.Total contribution to the Chilean treasury amounted to approximately US$1.7 billion for the six months ended June 30, 2023.SQM will hold a conference call to discuss these results on Thursday, August 17, at 12:00pm ET (12:00pm C
Highlights · SQM reported net income(1) for the three months ended March 31, 2023 of US$749.9 million compared to US$796.1 million for the same period the year before. Earnings per share totaled US$2.63 for the first three months ended March 31, 2023. · Revenues for the three months ended March 31, 2023, reached US$2,263.9 million. SQM will hold a conference call to discuss these results on Thursday, May 18, at 12:00am ET (12:00pm Chile time). Participant Dial-In (Toll Free): 1-844-282-4852Participant International Dial-In: 1-412-317-5626 Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=hmf6t5jv SANTIAGO, Chile, May 17, 2023 /PRNewswire/ -- S
Highlights SQM reported net income(1) for the twelve months ended December 31, 2022 of US$3,906.3 million compared to US$585.5 million for the same period the year before. Earnings per share totaled US$13.68 for the first twelve months ended December 31, 2022, significantly higher than the US$2.05 reported for the same period of 2021.Revenues for the twelve months ended December 31, 2022, were US$10,710.6 million.During the twelve months ended December 31, 2022, contributions to the Chilean treasury surpassed US$5.0 billion.SQM will hold a conference call to discuss these results on Thursday, March 2, at 10:00am ET (12:00pm Chile time). Participant Dial-In (Toll Free): 1-8
Highlights SQM reported net income for the nine months ended September 30, 2022 of US$2,755.3 million compared to US$263.9 million for the same period the year before. Earnings per share totaled US$9.65 for the first nine months of 2022, higher than the US$0.92 reported for the first nine months of 2021.Revenues for the nine months ended September 30, 2022, were US$7,577.0 million.During the nine months ended September 30, 2022, contributions to public coffers surpassed US$3.6 billion.SQM will hold a conference call to discuss these results on Thursday, November 17, at 10:00am ET (12:00pm Chile time). Participant Dial-In (Toll Free): 1-844-763-8274 Participant Internatio
Highlights SQM will hold a hybrid Investor Day virtually and at the New York Stock Exchange on September 15, 2022. For more information or to register please visit https://sqm.connectid.cloud/.As a result of our operations during the first half of the year, over US$2.2 billion will go to public coffers.SQM reported net income for the six months ended June 30, 2022 of US$1,655.4 million.Earnings per share totaled US$5.80 for the first half of 2022, higher than the US$0.55 reported for the first half of 2021.Revenues for the first half of 2022 were US$4,618.6 million.SQM will hold a conference call to discuss these results on Thursday, August 18, at 12:00pm ET (12:00pm Chile time). Participan
JP Morgan downgraded Sociedad Quimica y Minera from Overweight to Neutral and set a new price target of $44.00 from $55.00 previously
Goldman upgraded Sociedad Quimica y Minera from Neutral to Buy
Berenberg initiated coverage of Sociedad Quimica y Minera with a rating of Hold and set a new price target of $35.00
Jefferies upgraded Sociedad Quimica y Minera from Hold to Buy and set a new price target of $62.80 from $52.00 previously
Deutsche Bank downgraded Sociedad Quimica y Minera from Buy to Hold and set a new price target of $52.00 from $58.00 previously
Goldman upgraded Sociedad Quimica y Minera from Sell to Neutral
Scotiabank upgraded Sociedad Quimica y Minera from Sector Perform to Sector Outperform and set a new price target of $84.00
BofA Securities downgraded Sociedad Quimica y Minera from Neutral to Underperform and set a new price target of $59.00 from $69.00 previously
Citigroup initiated coverage of Sociedad Quimica y Minera with a rating of Buy and set a new price target of $85.00
Goldman initiated coverage of Sociedad Quimica y Minera with a rating of Sell and set a new price target of $60.00