- Increasing demand and prices for SQM's primary products - lithium, fertilizer and iodine - are fueling earnings growth.
- Sociedad Química y Minera de Chile S.A. is forecasting demand growth of more than 40% for lithium products, and is aggressively increasing production capacity.
- Agricultural fertilizer prices, including two of the company’s core offerings, potash and potassium nitrate, are reaching all-time highs.
- I'm very bullish on SQM, with a five-year price target of $132 for the stock. We currently hold SQM in both our Dividend & Growth and Premier Growth portfolios.
For further details see:
SQM's Earnings And Dividend Growth, Fueled By More Than Just Lithium