Sociedad Quimica Y Minera De Chile S.A. Sponsored ADR Pfd Class B Stock News

Sociedad Química y Minera de Chile shares are trading near 5-year lows due to declining lithium prices, but their large market share and superior margins position them well for a turnaround. Despite revenue declines, SQM's diversified operations and investments in new extraction capacities in China and Australia suggest robust future demand and potential revenue growth. Risks include slower-tha...

Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q3 2024 Earnings Conference Call November 20, 2024 10:00 AM ET Company Participants Isabel Bendeck - Investor Relations Ricardo Ramos Rodríguez - Chief Executive Officer Gerardo Illanes - Chief Financial Officer and VP of Finance Carlos Diaz Ortiz - CEO of SQM Salar Mark Fones - CEO of SQM International Lithium Felipe Smith - Commercial Vice P...

Highlights SQM reported total revenues for the nine months ended September 30, 2024 of US$3,455.0 million compared to total revenues of  US$6,155.9 million for the same period last year.  Net loss(1),(2) for the nine months ended September 30, 2024 of (US$524.5) million or (US$1.84) per share, compared to net income(2) of  US$1,809.5 million or US$6.33 per share for the same period last year.

I rate SQM a "Strong Buy" due to its key role in lithium, expected demand surge, and solid financials despite recent market headwinds. The company benefits from privileged access to Chile's rich lithium reserves and strategic partnerships, ensuring long-term growth and efficiency. SQM's aggressive expansion plans in Chile, Australia, and China aim to significantly boost production and revenue b...

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.

Two of these lithium stocks look a lot riskier than the third.

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.