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The electric vehicle industry has had a difficult year. Valuations have tumbled as investors have begun to ask more questions about long-term pricing and competition within the industry.
The latest trading day saw SQM (SQM) settling at $48.99, representing a -0.35% change from its previous close.
Sociedad Quimica's (SQM) fourth-quarter results were hurt by lower average sales prices in the lithium business.
Lithium stocks are primed for a powerful rebound, positioning them for long-term gains. Moreover, the recent downturn in lithium stocks, on the back of fleeting oversupply, unveils a golden opportunity for investors.
Chile's SQM , the world's second-largest lithium producer, on Wednesday posted a fourth-quarter net profit down 82% from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.
Lithium is a crucial component for various industries, including electric vehicles, and its demand is expected to grow exponentially in the next decade. The current oversupply and low prices of lithium are temporary, and as the economy improves and interest rates decrease, demand for lithium and its prices are likely to increase. There are only a few major players in the lithium market, and investing in these companies, such as SQM, Arcadium Lithium, and Lithium Americas Corp., could lead to significant returns.
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.