SQM Stock Recent News

Sociedad Quimica's (SQM) fourth-quarter results are likely to have been affected by pricing headwinds across its segments.

In the most recent trading session, SQM (SQM) closed at $43.14, indicating a +0.51% shift from the previous trading day.

SQM (SQM) concluded the recent trading session at $42.92, signifying a +1.2% move from its prior day's close.

The risk-reward equation swings to SQM's favor after derisking with the LCE prices back to YE21 levels and the new concession term. The consensus has largely factored in a prolonged weak scenario and yet still finds upside. On US$11kg LCE price (forever) plus lower margins I arrive at a target price of US$48.

Certain companies stand at the edge in the global markets, capitalizing on emerging trends with massive gains. From the relentless push for cutting-edge semiconductor technology to the burgeoning demand for renewable energy resources and electric vehicles, investment opportunities are constantly shifting.

The lithium battery market has been increasingly in business news headlines as the rare earth mineral is increasingly important to companies operating in clean energy and transportation sectors. According to Koyfin, lithium carbonate prices have fallen more than 78% over the past few months.

The latest trading day saw SQM (SQM) settling at $40.47, representing a -0.12% change from its previous close.

SQM (SQM) concluded the recent trading session at $45.13, signifying a -1.93% move from its prior day's close.

SQM (SQM) reachead $47.86 at the closing of the latest trading day, reflecting a -0.04% change compared to its last close.

Investors in SQM have experienced a significant slump as the company's stock fell nearly 40% over the past year. However, we could be at the bottom of the cycle. Underlying lithium prices have crashed by about 80% over the past year, as the cycle peak in 2022 wasn't sustainable, taking commodities analysts by surprise. SQM has agreed with Codelco to extend its lease in the Salar de Atacama through 2060.