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home / news releases / SQM - SQM: Lithium Prices Are Still Relatively High

SQM - SQM: Lithium Prices Are Still Relatively High

Sociedad Quimica y Minera S.A.

Summary

  • The end of EV subsidies in China and increasing lithium production caused lithium prices to drop in the past few months.
  • However, lithium prices are significantly higher than the 5-year average, and the long-term demand for electric cars is strong.
  • SQM’s net debt and total equity are well enough to tailor a scope of capacity to reward its shareholders and assimilate upcoming risks.
  • In the third quarter of 2023, SQM catered the highest amount of $1255.2 million in free cash flow compared with recent quarters.
  • SQM stock is a buy.

For further details see:

SQM: Lithium Prices Are Still Relatively High
Stock Information
Company Name: Sociedad Quimica y Minera S.A.
Stock Symbol: SQM
Market: NYSE
Website: sqm.com
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