Earnings PerformanceQ4 adjusted EBITDA missed consensus estimates, primarily due to lower than expected sales prices and production volumes.
Loan DependencyStill awaiting bank guarantee for a US$100M BNDES loan, which is crucial for the next phase of development.
Price ExpectationsLowering 2025 price, risk skewed positive with oversupply increasing further in 2025, minimal industry discipline, and inventory levels remaining stagnant.