摘要: 1. Industry has historically poorly estimated Lithium S-D: a. Underestimated Demand b. Overestimated Supply. 2. Lithium demand will continue growing at important rates: a. Main driver: BEV+ PHEV b. High growth expected, but no con... 展开 1. Industry has historically poorly estimated Lithium S-D: a. Underestimated Demand b. Overestimated Supply. 2. Lithium demand will continue growing at important rates: a. Main driver: BEV+ PHEV b. High growth expected, but no consensus on the exact growth rate. 3. New Lithium supply entering the market (greenfield and brownfield): a. New supply/players will emerge. b. Significant capital investment requirements + quality/production challenges. c. Industry has shown a poor track record in starting up new projects. 4. SQM strategy: a. Expansion plan in Chile. b. Geographic diversification: new greenfield project in Australia. c. Goal: Continue to be a global leading Li producer. 收起