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Sociedad Quimica Y Minera De Chile SA ADR - Stock Quote SQM

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Morningstar's Sociedad Quimica Y Minera De Chile SA ADR Stock Analysis

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Raising Our Lithium Producer Fair Value Estimates on Higher Price Forecast

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA |

We have raised our near- and medium-term lithium price forecast. Due to undersupplied market conditions, lithium prices are currently in the mid-$70,000 per metric ton range, which is near the all-time highs set earlier this year and well above our marginal cost estimate of $12,000 per metric ton. While we expect prices to moderate slightly, we forecast lithium carbonate prices will average $70,000 per metric ton in 2023, down less than 10% from current levels.

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Sociedad Quimica Y Minera De Chile SA ADR's Company Profile

Business Description

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality caliche ore and salt brine deposits. SQM is also developing a hard rock lithium project in Australia.

Contact
El Trovador 4285, 6th Floor, Las Condes
Santiago, Chile
T +56 224252000
Sector Basic Materials
Industry Specialty Chemicals
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2021
Stock Type
Employees 6,294

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