SQM - Sociedad Quimica Y Minera de Chile S.A.8:00:02 PM 4/19/2024
-0.82 (-1.79%)
Sociedad Química y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands. It also provides iodine and its derivatives for use in medical, pharmaceutical, agricultural, and industrial applications comprising x-ray contrast media, polarizing films for LCD and LED, antiseptics, biocides and disinfectants, pharmaceutical synthesis, electronics, pigments, and dye components. In addition, the company offers lithium carbonates for various applications that include electrochemical materials for batteries, frits for the ceramic and enamel industries, heat-resistant glass, air conditioning chemicals, continuous casting powder for steel extrusion, primary aluminum smelting process, pharmaceuticals, and lithium derivatives. Further, it supplies lithium hydroxide for the lubricating greases industry, as well as cathodes for batteries. Additionally, it offers potassium chloride and potassium sulfate for various crops; industrial chemicals, including sodium nitrate, potassium nitrate, potassium chloride, and solar salts under the QSodiumNitrate, QPotassiumNitrate, and QPotassiumChloride brands; and other fertilizers and blends. The company sells its products through representative offices and distributors in Chile, North America, Europe, Central and South America, Asia, and internationally. Sociedad Química y Minera de Chile S.A. was founded in 1968 and is headquartered in Santiago, Chile.
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Stock news

    With its stock down 12% over the past week, it is easy to disregard Sociedad Química y Minera de Chile (NYSE:SQM...

    Crisis will lead to opportunity for lithium stocks. For one, the blood is flowing in the streets with many of the top lithium names. Two, some analysts now believe lithium prices may have bottomed out. As noted by Bank of America analyst Steve Byrne, “2023 marked a huge drop in lithium prices, as the market flipped from the 2022 deficit into surplus. Inventory levels in China for lithium carbonate were elevated in February but started to trend down in March [and pricing] started to show some str

    Lithium carbonate, the rare earth mineral needed to make lithium-ion batteries that power everything from electric vehicles to smartphones, had seen quite some price pressure since interest rates became elevated towards the end of 2022. Looking at lithium prices today, the story is a bit different. While lithium carbonate prices have fallen more than 48% over the past twelve months, they have experienced an uptick since the beginning of the year, increasing more than 16% on a year-to-date perspe

    The mean of analysts' price targets for SQM (SQM) points to a 26.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

    Sociedad Química y Minera de Chile S.A. (NYSE:SQM), which produces lithium, fertilizer, and chemical products (and also pays large dividends), has experienced highs and lows in the past few years. However, it’s unclear to me if the stock can bounce back. SQM recently signed an MoU (memorandum of understanding) concerning a deal proposed by the Chilean government that will see it become a minority partner (49%) in its existing operations from 2030, and demand for its lithium product is volatile.

    The electric vehicle industry has had a difficult year. Valuations have tumbled as investors have begun to ask more questions about long-term pricing and competition within the industry. In particular, Tesla (NASDAQ:TSLA) has shown the challenges in the industry right now; the longtime electric vehicle leader is having to cut prices and has seen profits slump amid more challenging economic conditions. As Chris Markoch recently pointed out, EV stocks are also under pressure as investors refocus o

    A shift in North America's critical minerals strategy is challenging China's dominance, positioning junior explorers and producers as key players in national security.

    Beaten-down lithium prices aren’t sustainable. In fact, according to The Wall Street Journal, prices have fallen too much to cover the cost of supply needed for electric vehicles (EVs). All of which will eventually lead to a monster opportunity for lithium stocks to buy. “A recovery isn’t yet in sight, but one will have to come eventually. Lithium prices are now too low to justify a chunk of today’s ore extraction in Australia and China, let alone investment in new production necessary to feed e

    The best lithium stocks to buy for March this year are largely insulated long-term from the effects of China’s economic slowdown, which I feel is temporary and not structural. China has set ambitious goals to lead the world in electric vehicle production and adoption. This will require vast amounts of lithium for EV battery manufacturing, regardless of short-term economic fluctuations. China’s COVID-19 lockdowns and real estate turmoil have slowed its economy, but lithium demand is projected to

    Crisis will turn into an opportunity for lithium stocks. That’s because supply issues are only temporary. And remember, as I noted on Jan. 21, “With some lithium mines shutting down or reducing production we could see less supply. This could help stabilize prices and send lithium prices higher with demand.” Two, current lithium prices are not sustainable, as noted by Albemarle (NYSE:ALB). In fact, according to the company, prices will need to rise “in order to trigger the supply investments need