SQM Stock Recent News

SQM posted a mixed earnings release. However, there are reasons to be optimistic. Lithium prices have plummeted, impacting SQM's revenue and earnings markedly. SQM's low-cost position, places it well as it attempts to gain market share by not curtailing production.

Sociedad Quimica's (SQM) earnings miss estimates, while sales beat the same in Q2 amid lower average selling prices in lithium and SPN units.

Lithium stocks continue to be in dire straits well into 2024. The price for the rare earth mineral, lithium carbonate, has fallen 11.4% since the start of the year.

The global prices for lithium carbonate, a rare earth mineral that forms the basis of lithium-ion batteries, have continued their downward trend. In 2023, prices plunged more than 80%, but after that epic slump, investors and traders had been hoping prices had reached a bottom and the market would exhibit signs of recovery.

With lithium prices starting to bottom out and electric vehicle sales accelerating, it's time to look at some of the top lithium stocks to buy now. Remember, “Six of the 10 biggest EV makers in the US saw sales grow at a scorching pace compared to a year ago,” says Bloomberg.

Chilean lithium miner SQM said on Monday that it had reached a long-term supply deal with Hyundai and Kia to provide the carmakers with the white metal, key for the production of electric vehicle batteries.

Millionaire-maker lithium stocks are still in demand because of the growing need for lithium. This is illustrated by its market size, valued at $26.88 billion in 2023 and projected to grow by 22.1% to $134 billion by 2032.

The rise of electric vehicles and the world's transition away from fossil fuels has led to the emergence of lithium stocks to buy. These stocks could be millionaire-makers.

Sociedad Quimica (SQM) beats first-quarter estimates on higher sales volumes amid headwinds from lower prices.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q1 2024 Earnings Conference Call May 23, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Gerardo Illanes - Chief Financial Officer Carlos Diaz - Executive Vice President of Lithium Mark Fones - Vice President of Lithium Development and M&A Juan Pablo Bellolio - Commercial Vice President of Iodine & Industrial Chemicals Conference Call Participants Ben Isaacson - Scotiabank Joel Jackson - BMO Capital Markets Corinne Blanchard - Deutsche Bank Cesar Perez-Novoa - BTG Pactual Operator Good day, and welcome to the SQM First Quarter 2024 Earnings Conference Call.