SQM Stock Recent News

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.

In the third quarter, the specialty chemicals company's revenue fell 38% year over year, slightly worse than the 36% decline Wall Street had expected. Earnings per share dropped 56%, missing the 45% decline analysts had projected.

There is a power shift in the mining sector, and tons of variables are up in the air for grabs between the world's two economic powerhouses, the United States and China. When mining lithium and other essential metals is needed for the next technological revolution, there's more upside than you think.

Sociedad Quimica's (SQM) third-quarter results are likely to have benefited from higher lithium and iodine volumes amid pricing headwinds.

The latest trading day saw SQM (SQM) settling at $48.50, representing a +1.13% change from its previous close.