Sociedad Química y Minera de Chile SA (SQM) Stock

SQM sees volume growth in almost all of its business lines amid headwinds from weaker year-over-year pricing in Q3.

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.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q3 2024 Earnings Conference Call November 20, 2024 10:00 AM ET Company Participants Isabel Bendeck - Investor Relations Ricardo Ramos Rodríguez - Chief Executive Officer Gerardo Illanes - Chief Financial Officer and VP of Finance Carlos Diaz Ortiz - CEO of SQM Salar Mark Fones - CEO of SQM International Lithium Felipe Smith - Commercial Vice President of SQM Salar Pablo Hernandez - Senior Director of Business Strategy and Development, SQM Salar Pablo Altimiras - CEO of Iodine & Nitrates Juan Pablo Bellolio - Commercial Vice President of Iodine and Industrial Chemicals Conference Call Participants Joel Jackson - BMO Capital Markets Ben Isaacson - Scotiabank Corinne Blanchard - Deutsche Bank Gabriel Simões - Goldman Sachs César Pérez-Novoa - BTG Pactual Operator Good afternoon, and welcome to the SQM Third Quarter 2024 Earnings Conference Call.

Two of these lithium stocks look a lot riskier than the third.

VANCOUVER, BC , Sept. 23, 2024 /PRNewswire/ - LiTHOS Group Ltd.

Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) has partnered with Chile-based SQM (NYSE:SQM), one of the world's largest lithium chemicals producers, to develop its Lithium Ridge prospect at Uis in Namibia. In a three-stage deal, SQM (NYSE:SQM) can take a 50% stake in Grace Simba Investments (GSI), the Andrada subsidiary with the Lithium Ridge licence.

SQM posted a mixed earnings release. However, there are reasons to be optimistic. Lithium prices have plummeted, impacting SQM's revenue and earnings markedly. SQM's low-cost position, places it well as it attempts to gain market share by not curtailing production.

Sociedad Quimica's (SQM) earnings miss estimates, while sales beat the same in Q2 amid lower average selling prices in lithium and SPN units.

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.