- Chilean fertilizer producer SQM (SQM -1.3%) says it will cut its planned spending for this year to ~$400M, below $500M estimated previously, and invest even less in 2014, in the wake of the increasingly nasty potash dispute between Russia and Belarus.
- The bleak outlook comes on top of a difficult Q2 for SQM, which reported overall sales slipping and sharply lower net profit, down 44% Y/Y.
- Analysts at Chile-based LarrainVial estimates that existing pressure on SQM's margins and the Russian situation could result in realized 2014 prices for potassium chloride of ~$300/metric ton vs. its previous forecast of $471.
From other sites
at Nasdaq.com (Mar 23, 2015)
at Nasdaq.com (Nov 24, 2014)
at Nasdaq.com (Nov 19, 2014)
at Fox Business (Aug 29, 2012)
at CNBC.com (Jun 26, 2012)
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