To quickly browse the chilean mining chemical 2018 fourth quarter
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To quickly browse the chilean mining chemical 2018 fourth quarter

Just, chile mining chemical (SQM)$$ Released the 2018 fourth quarter, operating conditions are as follows:
1, total revenue of $2 billion 266 million in 2018, an increase of 5%. Net profit of $440 million , an increase of $428 million in 2017. The adjusted EBITDA margin of 39.1% .
2, the four quarter of 2018, revenue fell 1.6% to $565 million, a net profit of $109 million , 17 years of data for $111 million, up slightly decreased.
chilean mining chemical
3, due to the 2018 lithium business higher average selling price, SPN higher sales and iodine business volume and price, potassium chloride business sales decline was offset by the negative effects.
4, lithium market continued to grow to hitherto unknown level, 2018 lithium demand growth of more than 27%, mainly driven by the demand for electric cars.At present, the electric car penetration rate reached 2%, is expected in the future there will be significantly improved. Because of the strong demand growth in 2018, the average price of lithium was significantly higher than that in 2017. The company had expected, the fourth quarter of the price remains firm. It is expected that in 2019 the growth rate of at least 20% lithium demand level.
5, in recent weeks, northern Chile persistent heavy rain weather, fortunately no injuries to the employees, the company also actively take the initiative to help the affected communities nearby.The impact of heavy rains, the company’s production facilities in the short term does not run properly, not to believe that the future sales and income have a sustained impact.The company will continue to assess the potential impact of heavy rains, if any important changes will be timely notice.
6, about 2018 years of business of lithium, lithium salt production is only 4.51 million tons, down 9%, but the annual segment revenue has increased by 14%, reached 7.35 billion, annual the lithium salt price of 16292 dollars / ton, an increase of more than 25%. The fourth quarter, sales of lithium 1.47 million tons, an increase of 11%, lithium products revenue is to reach 2.34 billion, an increase of 30.4%.
In 2018 7, lithium business gross profit accounted for 53% of the total gross profit of the company. At present, the company is not in the Chinese sales of lithium products.
chile mining chemical (SQM)$$

Expected future

1, 2018, began to implement the three phase of the expansion plan, the future will strive to reach 180 thousand tons of production capacity. The implementation of the company’s expansion plans for the original confidence, to finish the second phase expansion project at the end of the year, production capacity to 120 thousand tons / year, and in 2021 to achieve 180 thousand tons of production capacity, but currently does not mention the specific time, the language became the “in the coming years ready to accept either course”. The company will be based on market conditions and their own strategies to measure the production capacity, production and sales of the problem.
2, on the Mt Holland project, the second half is expected to be completed.
3, the new supply will continue to enter the market, in 2019 the company’s premium lithium products may be affected.There are different quality grade of products on the market, products entering the market are not suitable for all customers.The company will focus on to provide customers with high quality products at the same time this year will add salt, inventory, sales in 2019 will only lead to more than 2018 improve slightly.
4, the company 2019 years of actual production is expected to exceed 6 million tons, but due to the need to replenish the stock, the actual sales will be slightly lower than expected 5 million tons.
5, the company’s strategy is not the pursuit of market share, profit is an important factor affecting the sale decision.The balance of supply and demand of future shipments depends on the market, in addition to start climbing and expansion plan is difficult to assess, so 2019 and 2020 years of sales it is difficult to predict.

Finally want to say

Close type lithium industry more interesting, there is a skeleton in the cupboard, the company have encountered new problems and every kind of frustration. Have a deep understanding of people of the lithium industry, will naturally understand and smile.

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To quickly browse the chilean mining chemical 2018 fourth quarter
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To quickly browse the chilean mining chemical 2018 fourth quarter
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Just, chile mining chemical (SQM)$$ Released the 2018 fourth quarter, operating conditions are as follows:
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