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Sociedad Quimica Y Minera De Chile S.A. Sponsored ADR Pfd Class B Stock News
Lithium prices were flat the past month. Lithium market news - The US government is reportedly examining price support mechanisms for domestic critical mineral projects. BloombergNEF forecasts lithium deficits may begin in 2025. Lithium company news - Arcadium Lithium confirms takeover offer from Rio Tinto. Bikita Minerals has shut down one of its production plants, citing weak global prices.
The push toward new, more efficient, rechargeable batteries across multiple industries has driven demand for lithium skyward. Total global demand for the precious metal increased from 101 kilotons in 2021 to 165 kilotons in 2023, according to the International Energy Agency.
This week, the stock market has done what only a few were expecting it could do. The S&P 500 has hit another new all-time high, and while that is good for most stocks, not every one is made – or treated – equally.
Sociedad Química y Minera de Chile S.A. (SQM, Financial), based in Chile, has established itself as one of the world's leading producers of lithium, iodine, and potassium derivatives.
Shares of Albemarle (ALB), Arcadium Lithium (ALTM), and Sociedad Quimica y Minera, or SQM (SQM), jumped Friday following a report that mining giant Rio Tinto (RIO) could be looking to buy a company in the lithium sector.
On Friday, The Australian reported that Rio Tinto might be looking at M&A in the lithium space. That sent shares of Albemarle, Arcadium, and SQM higher.
Lithium stocks to keep on watch in the stock market today.
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