Sociedad Quimica y Minera de Chile is a leading global producer of specialty plant nutrients, lithium, and iodine, playing a pivotal role in the agriculture and technology sectors
The company focuses on extracting and processing a variety of minerals, including lithium from salt flats, which is essential for the production of batteries used in electric vehicles and renewable energy storage. In addition to its mining operations, SQM is involved in the development of innovative agricultural solutions, providing fertilizers and soil nutrients that enhance crop yields and sustainability. With a commitment to responsible resource management, SQM aims to support global demands while prioritizing environmental stewardship and community engagement.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
SQM, the world's second-largest lithium producer, reported a steep drop in Q4 2024 profit due to declining lithium prices. Sales volume increased by 21%, but average price fell by over 64%.
U.S. stocks plunged Tuesday as President Donald Trump‘s tariffs on key trade partners came into effect, prompting retaliatory measures and intensifying global trade tensions.
Recently, after reporting its quarterly earnings, shares of Albemarle were slightly up in the after-hours to show investors that there's a new potential upside.
Max 155 characters: Lithium market remains oversupplied, prices low, but could help EV transition. Chinese dominance and US policy shifts also play a role.
A look at the moves made by Viking Fund management in the third quarter, including the exits and new stakes and fund's largest positions at the end of Q3.
