SQM has just dropped a bomb and stated that 2019 production will be slightly higher than 2018. That could well mean flat. They were supposed to be ramping from 70K to 120K in 2019. In 2018 they did 45.1K MT. The oversupply narrative from Morgan Stanley etc is all nonsense. Demand is growing at 20% plus per year, supply growth isn't even close to that.Quality projects that are ready to go will be in huge demand. Very few of them out there.
