SQM - SQM: A Lithium Major With Long-Term Prospects
2024-01-23 08:05:21 ET
Summary
- SQM is a Chilean chemical company with a strong focus on the lithium business, which currently accounts for over 75% of their revenue.
- The company's key asset is the Salar de Atacama, the premier lithium brine asset in the world with the highest concentration of lithium.
- SQM is expanding its lithium operations and seeking to diversify its asset portfolio and jurisdiction to meet future demand.
- The price of lithium has fallen and should stay low for a few more quarters.
- They may be a more attractive entry point for this great company in the next few quarters.
Sociedad Química y Minera or SQM ( SQM ) is a Chilean chemical company currently in the news for its lithium business. Today the majority of their revenues come from their lithium business, and they are one of the big five lithium producers....
SQM: A Lithium Major With Long-Term Prospects