Chemical & Mining Co. of Chile Inc.NYSE
Mon, Nov. 28, 4:58 PM
- The global market for lithium likely will remain “fairly balanced” for the next 4-5 years, with supply rising to meet increased demand from electric vehicles, Albemarle (NYSE:ALB) CEO Luke Kissam tells the Mines and Money conference in London.
- Demand for lithium likely will rise by 20K metric tons/year until 2021, but that can be met from additional expansion from the largest global producers, the CEO says.
- Lithium has become a key material in the battery supply chain as global automakers focus on launching electric cars and China tightens regulations on gasoline and diesel engines, but raw lithium extraction is geographically concentrated in South America, raising fears about supply as electric vehicles come down in cost, driving up demand for batteries.
- Other relevant tickers include SQM and FMC.
Wed, Nov. 23, 10:42 PM
Thu, Nov. 10, 5:36 PM
Fri, Sep. 30, 5:36 PM
Mon, Sep. 26, 9:52 AM
- Sociedad Quimica y Minera (SQM +5.3%) pops higher at the open as China's Tianqi Lithium says it plans to invest ~$209M for a 2.6% stake for the Chilean company, in a deal that could pave the way for a larger stake in one of the world’s largest producers of the battery material.
- Tianqi says it will buy shares for $38 each from SailtingStone Capital Partners, which currently holds 20% of SQM's NYSE-listed shares.
- Tianqi reportedly already has signed a non-binding offer to bid for a 23% stake in SQM.
Fri, Sep. 9, 10:03 AM
- China’s Tianqi Lithium, the country’s largest lithium producer, says it plans to bid for a 23% stake in Chilean rival Sociedad Quimica y Minera (SQM -2.8%).
- Tianqi says it signed a non-binding offer with Oro Blanco to bid for its stake in Pampa Calichera, which in turn holds 23% of SQM.
- Chile's government has said it would not block a foreign takeover of SQM, and Tianqi's interest in gaining lithium supply may arouse worries that China could corner the market, but the U.S. Geological Survey estimates 14M tons of reserves of lithium globally, more than 400 years of supply based on last year’s production.
- Tianqi and SQM, together with U.S.-based Albermale (ALB -1.5%) and FMC Corp. (FMC -1.9%), dominate the global lithium market.
Tue, Aug. 30, 10:21 AM
- Potash Corp. (POT +12.3%) and Agrium (AGU +6.6%) resume trading after a halt for volatility following a Bloomberg report that the companies are in advanced merger talks.
- A combination reportedly could be announced as soon as next week, although no final decisions have been made.
- Related stocks also are ticking higher: MOS +7.3%, CF +4.4%, IPI +13.7%, SQM +3.1%, UAN +3.3%, TNH +2.3%, ICL +3.9%.
Thu, Aug. 25, 2:01 PM
Thu, Aug. 25, 11:58 AM
- Sociedad Quimica y Minera (SQM +5.3%) shoots higher following a Reuters report that Chinese lithium battery materials manufacturer Ningbo Shanshan is in advanced talks to buy a stake in the Chilean company.
- The deal is another example of the growing interest in lithium, whose price has been rising on hopes of an electric vehicle boom, and is latest sign of a Chinese acquisition binge in Latin America.
Wed, Aug. 24, 11:49 PM
Fri, Jul. 22, 10:39 AM
- The focus on Tesla Motors (NASDAQ:TSLA) turns to the Gigafactory unveiling next week with a grand opening scheduled for July 29. The event will include a tour of the massive facility and presumably more details on EV battery production plans.
- The Gigafactory buzz could also increase the focus on lithium supply and demand questions. Goldman Sachs and Deutsche Bank both expect lithium carbonate demand to almost double by 2025, although picking out potential winners and losers is no easy process.
- Bacanora Minerals (OTC:BCRMF) already has a long-term contract with Tesla, while other companies such as Albermarle (NYSE:ALB), FMC (NYSE:FMC), Nemaska Lithium (OTCQX:NMKEF), SQM (NYSE:SQM), Oroplata Resources (OTCPK:ORRP), Orocobre (OTCPK:OROCF), Critical Elements (OTCQX:CRECF), Lithium X Energy (OTCQB:LIXXF), and American Lithium Minerals (OTCPK:AMLM) have been bandied around on Seeking Alpha as potential lithium plays. Those names and more are on watch next week for volatility.
- There's also the Global X Lithium ETF (NYSEARCA:LIT) to watch as a catch-all.
Thu, Jun. 23, 8:58 AM
- Potash Corp. (NYSE:POT) +3.2% and Mosaic (NYSE:MOS) +2.6% premarket following reports that Belarus may cooperate with Russian potash producer Uralkali for the first time since a dispute ended the alliance between the world's two biggest potash producers in 2013, triggering a fall in global prices that have not yet fully recovered.
- Belarus Pres. Lukashenko hinted at cooperation during an event in Minsk but did not discuss his conditions; the previous joint venture was based in Minsk, at that time a crucial condition for Belarus and the main concern for Uralkali.
- Lukashenko also said Belaruskali had signed a new potash supply contract with India, although the company later said it was still finalizing the deal; aside from Belaruskali and Uralkali, POT, MOS and Germany's K+S (OTCQX:KPLUY) supply potash to India.
- Other relevant tickers: AGU, CF, IPI, ICL, CNHI, SQM, UAN, IPHS, EVGN
Wed, Jun. 8, 2:48 PM
- Sociedad Quimica y Minera (SQM -0.1%) risks fines and losing permits after Chilean authorities said it breached environmental rules.
- Chile's environmental regulator is charging SQM with setting up water pumps in parts of the Llamara salt flats where it did not have permission, failing to monitor the site as agreed and neglecting any remedial action.
- The pumps are part of the Pampa Hermosa iodine project in northern Chile, for which SQM obtained environmental approval in 2010, expanding iodine production at its Nueva Victoria industrial complex, which Pampa Hermosa supplies, to 11K tons/year from 6.5K tons.
- Corfo, a separate government agency, already is trying to rescind SQM’s license to extract lithium and potassium from the Atacama salt flat, alleging it failed to pay all the royalties it owed.
Wed, May 18, 9:03 PM
- Sociedad Quimica y Minera de Chile (NYSE:SQM): Q1 EPS of $0.22 misses by $0.04.
- Revenue of $391.8M (+1.1% Y/Y) misses by $66.24M.
Tue, Apr. 12, 5:40 PM
Tue, Mar. 15, 5:53 PM
- Argentina, where the new business-friendly Macri government has begun making sweeping changes in a bid to return the country to economic orthodoxy, has an opportunity to build a vital lithium export business, Reuters reports.
- More than half the earth's known reserves of lithium - the small but essentially irreplaceable component of rechargeable batteries, used in consumer devices like mobile phones and electric cars - are found in an area straddling Argentina, Chile and Bolivia.
- FMC Corp. (NYSE:FMC) already is producing lithium from the salt flats in northern Argentina; lithium provides a small but growing part of FMC's revenues, with forecast sales of ~$250M this year.
- Western Lithium (OTCQX:WLCDF) is working with Korea's Posco (NYSE:PKX), whose chairman was in Argentina last month to meet with Macri and begin construction of a new lithium plant, due to begin commercial production within a year.
- Chile is popular with investors for its longtime free market credentials, while the dry desert climate is optimal for lithium production; local firm SQM has long operated there, and U.S. firm Albemarle (NYSE:ALB) is muscling in on SQM's turf after spending $6B to buy Rockwood.