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SQM fourth quarter earnings conference call

2017-03-03 11:28:35  【Print】
BEIJING (Asian Metal) 3 Mar 17 - Sociedad Química y Minera de Chile S.Asian Metal Copyright The company will be completing the feasibility study and expect to break ground in the coming months.Asian Metal CopyrightA.Asian Metal Copyright6 from 0.Asian Metal Copyright (SQM) held a conference call to discuss the fourth quarter 2016 results, which were published on March 1, 2016.

The following items were discussed by executive management as part of the conference call:
  • SQM’s net income reached US$278.Asian Metal Copyright The company will be completing the feasibility study and expect to break ground in the coming months.Asian Metal Copyright3 million in 2016, an increase of 30% when compared to the last year.Asian Metal Copyright SQM continued commitment to the lithium market and its joint venture in Argentina is strong.Asian Metal Copyright Earnings of over US$80 million were recorded in Q4 of 2016.
  • SQM witnessed the highest iodine sales volumes since 2012, reaching solar salt sales volumes of almost 60,000 MT, and seeing record sales volumes and record average prices of lithium. 
  • SQM is confident solar salts sales volumes in 2017 will exceed ones reported in 2016, reaching 70-75k MT.Asian Metal Copyright The company will be completing the feasibility study and expect to break ground in the coming months.Asian Metal Copyright The company believes sales volumes in the potassium chloride business line could fall 200-250k MT in 2017 when compared to 2016 as a result of optimizing our production process to increase lithium yields.
  • SQM continued commitment to the lithium market and its joint venture in Argentina is strong.Asian Metal Copyright6 from 0.Asian Metal Copyright The company will be completing the feasibility study and expect to break ground in the coming months. 
  • SQM is working on more than doubling its lithium hydroxide capacity in Chile; this project will have a total investment of about US$30 million, and it should be in operation by the end of year. 
  • During 2016, SQM paid approximately US$400 million in dividends. At the same time, the company was able to reduce the NFD/EBITDA ratio to 0.Asian Metal Copyright During 2016, SQM paid approximately US$400 million in dividends.Asian Metal Copyright6 from 0.Asian Metal Copyright3 million in 2016, an increase of 30% when compared to the last year.Asian Metal Copyright74, and still reported over US$800 million in cash and cash equivalents.

.Asian Metal Copyright SQM continued commitment to the lithium market and its joint venture in Argentina is strong.Asian Metal Copyright

Lithium Chloride

LiCl 99.3%min Na 0.003%max China

Unit:RMB/mt
China's lithium carbonate 99%min producers' number (ratio) MoM inventory increase statistics by province by month
Unit: %
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