SQM Stock Recent News

SQM (SQM) reachead $49.30 at the closing of the latest trading day, reflecting a +1.34% change compared to its last close.

Mines can't migrate but capital can and that appears to be what's happening at SQM, Chile's world-class producer of lithium for electric vehicles (EVs), but also a business with an increasing focus on Australia.

A controversy has arisen over whether lithium is a commodity. Two things define a commodity. One is standardization and the other is single-pricing. Although most experts still think that lithium is a "specialty chemical", only produced by certain companies, evidence is growing to demonstrate that this is changing drastically. The Chinese spot market may be contributing to this process to the extent that it is related to lithium companies' pricing mechanisms with a serious impact on their stock prices.

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

SQM faces uncertain near-term prospects, with the weak EV sales and surplus in lithium supply triggering headwinds to its top and bottom line performance. With no conclusion to the nationalization negotiation with CODELCO, the producer's 2030 prospects remain mixed after all. Despite the challenges, SQM's expertise in Chile, consistent contribution to the government's treasury, and the importance of lithium in the electrification progress through the next decade support a Buy rating.

Dividend stocks often get a bad rap as being boring, stodgy companies that offer stability but little in the way of market-beating returns. It's true.

SQM stock has crashed due to oversupply dynamics in the lithium market, impacting its near-term operating performance. Despite the decline, SQM's valuation is relatively attractive compared to its competitors, potentially pricing in execution and geopolitical risks. The company aims to secure and expand its market share when the lithium market normalizes, but near-term headwinds may persist.

SQM reported below consensus 3Q23 results due to lower lithium prices and volumes. Consensus estimates are expected to fall further as analysts update their models, potentially overestimating the impact of lower prices. The bottom may have been reached at 9x PE YE24 reduced estimates.

Lower average sales prices in lithium and fertilizer businesses hurt Sociedad Quimica's (SQM) earnings in Q3.

(Kitco News) - SQM said its lithium carbonate capacity has reached 200,000 metric ton per year and it expects to complete the expansion to 210,000 metric tons in the beginning of 2024, earlier than anticipated.