Q2 2026 Sociedad Quimica y Minera de Chile SA Earnings Call Transcript
Key Points
- Record quarterly lithium sales volumes of over 84,000 metric tons LCE, driven by strong demand and higher prices.
- Raised 2026 global lithium demand forecast to exceed 2.1 million metric tons, reflecting robust market fundamentals.
- Successful submission of environmental and technical documentation for the Salar Futuro project, a key milestone for future growth.
- Strong performance in iodine and specialty plant nutrition, with SPN sales volumes expected to grow ~10% year-over-year.
- Continued cost improvements in lithium production, with Q3 costs expected to remain in line with Q2 and lower than last year.
- Lithium prices remain volatile and difficult to predict, with Q3 prices expected to be roughly flat versus the first half.
- International lithium sales prices lagged the spodumene price increase due to shipment timing, creating a temporary gap.
- Iodine sales volumes are expected to remain flat year-over-year as new supply from a Chilean project enters the market.
- Potential slowdown in battery storage deployment could cap lithium demand growth in the near term.
- Mount Holland expansion first production is not expected until 2030, with construction starting only in mid-2027.
Good day, everyone, and thank you for standing by. Welcome to the SQM Second Quarter 2026 Conference Call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question-and-answer session. To ask a question, you will need to press *11 on your telephone. You will then hear a message advising your hand is raised. To withdraw the question, press *11 again. Please be advised that today's conference is being recorded. Now it's my pleasure to hand the conference to Megan Suter with Investor Relations.
Please proceed.
Good day, and thank you for joining SQM's earnings conference call for the second quarter of 2026. This call is being recorded and webcast live.
Our earnings press release and the accompanying results presentation are available on our website where you can also find a link to the webcast.
Today's participants include Mr. Dicado Ramos, Chief Executive Officer.
Mr. Geraldo Ellenes, Chief Financial
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