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SQM - Lithium's Comeback Isn't Far: Time To Nibble Into Albemarle
Sociedad Quimica y Minera S.A.
The last couple of years haven't been good for investors betting on the electric vehicle supply chain players, and lithium producers are on top of this underperformance list. Coupled with the downward trend in lithium prices, analysts have been quick in painting a gloomy picture for market participants.
Amid this negativity, Albemarle Corporation (ALB) posted results for the quarter ended 30 September 2019 and lowered the full-year outlook. Following the announcement, the stock has been downgraded by the likes of JPMorgan, RBC Capital Markets, and Citigroup with target prices in the range of