SQM - Albemarle vs. SQM: Whose Lithium Business Results Were Best in Q3?
Sociedad Quimica y Minera (NYSE: SQM) , or SQM, reported its third-quarter results last week; Albemarle (NYSE: ALB) did the same earlier this month. So, investors can now compare the two major lithium producers' results.
There are a few things to keep in mind, including that long-term investors should not place too much weight on a single quarter's performance. Moreover, both companies have businesses other than lithium, so their overall results will also be affected by the performances of these businesses.
Lithium stocks , in general, have been outperforming the market over the last year, thanks largely to surging demand and skyrocketing prices for the metal, which is used to make lithium-ion batteries for electric vehicles (EVs) .
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Albemarle vs. SQM: Whose Lithium Business Results Were Best in Q3?