Articles Tagged "sqm"

SQM Stock Still Down on News Chile Wants to Revoke Mining Leases

SQM fell no less than 13 percent during trading hours last Thursday following news that Chile is aiming to revoke the company's land concessions in the Atacama. According to Bloomberg, Santiago-based newspapers reported Thursday that Chilean investment agency Corfo is seeking to end an arbitration process over fertilizer and lithium leases, and is seeking to terminate contracts

SQM Provides Update Regarding Atacama Leases

SQM (NYSE:SQM) put out a letter regarding its lease agreement with Corfo in the Salar de Atacama. The company noted that while both parties are in an arbitration regarding differences in the application of the agreement, SWM currently maintains its contract with Corfo.

Stormcrow Capital: ‘Lithium Prices Will Rise’

In case you missed it, Jon Hykawy's Stormcrow Capital put out a comprehensive report on the lithium industry last Friday. The report includes plenty of detail, right down to the mathematical formulas used to arrive at some of its conclusions. However, the overall theme is that increasing lithium demand alongside stable supply will lead to a higher lithium price.

What do Floods in Chile Mean for Lithium Supply?

The north of Chile has been devastated by heavy rains and flooding that began last Tuesday, and while there have been several reports on how the rainfall has affected copper mines in the region, some investors are likely wondering what it means for lithium operations as well.

SQM Sees Lithium Demand Growing 10 Percent in 2014

Sociedad Quimica y Minera de Chile (ADR) (SQM) (NYSE:SQM) released its financial results for the three months and nine months ended September 30 2014. The company reported increased revenues from its lithium operations - up by 4.1 percent and 10.2 percent year-on-year for the first nine months and 3 months of the year respectively. However, the company also commented on what it sees as continued strong demand for lithium.