SQM - Sociedad Quimica Y Minera De Chile SA ADR Stock Price Quote - NYSE | Morningstar

Skip to Content

Is it the right time to buy or sell?

Find out with Morningstar Investor

Is it the right time to buy or sell?

Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Raising Our Lithium Producer Fair Value Estimates on Higher Price Forecast

Senior Equity Analyst Seth Goldstein

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA | Jun 22, 2022

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.

Unlock Our Full Analysis With Morningstar Investor

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

kelly.obrien@sqm.com

Sector Basic Materials

Industry Specialty Chemicals

Most Recent Earnings Mar 31, 2022

Fiscal Year End Dec 31, 2021

Stock Type —

Employees 6,294

Sociedad Quimica Y Minera De Chile SA ADR's Related News

Markets Brief: What's Happening With Inflation Expectations?

May CPI data ahead; software stocks rally.

Best- and Worst-Performing Stocks Quarterly Update

Commodity-sensitive stocks take big gains, while supply chain issues and higher rates sent the worst performers crashing.

Markets Review/Preview: CPI Ahead; Earnings Wind Down

Oil tops $116, Occidental and Kroger hit new highs. Travel and European bank stocks continue to slip.

4 Stocks to Watch in the Electric Vehicle Supply Chain

Automakers aren’t the only ones poised to benefit from EV growth.

33 Undervalued Stocks for the Third Quarter

Here are our analysts' top ideas in each sector for the coming quarter.

Susan Dziubinski

Quarter-End Insights

Basic Materials Stocks Look Pricey

Although outperformance has leveled off, there are currently no 5-star stocks from the sector on our coverage list.

The Winners of the New Definition of Infrastructure

Depending on which broader infrastructure projects take shape, numerous companies could see increased demand.

3 Overlooked High-Quality Stocks

Our analysts are excited about these names.

How the Upcoming Election Will Shape Regulation

A look at utilities, energy, and the budding cannabis industry in a continuation of the Trump presidency or a new Biden administration.

33 Undervalued Stocks for the Fourth Quarter

Here are our analysts' top ideas in each sector.

Susan Dziubinski

Quarter-End Insights

Opportunities in Basic Materials Limited to Agriculture and Chemicals

Lithium demand took a hit as a result of the pandemic, but we expect it to rebound.

Stock Analyst Update

Falling Lithium Prices Provide Buying Opportunity

Following the Tesla battery day event, lithium producer stock prices plunged. We see no change to our outlook for lithium.

24 Stocks for 2030

We think these companies are well positioned to benefit from one of five key trends during the next decade.

Susan Dziubinski

Stock Strategist Industry Reports

Look to Lithium's Bright Long-Term Future

Getting past near-term growing pains and uncertainty, we see significant risk-adjusted upside.

Stock Analyst Update

Opportunities in Lithium Stocks Despite Delayed Supply

We have reduced our near-term outlook for lithium demand and maintain our current forecasts for three narrow-moat companies.

Stock Strategist Industry Reports

Brighter Lithium Outlook Boosts Our Valuations

All three lithium producers we cover are undervalued.

Investment Opportunities Abound in Electric Vehicles

These are our picks in supply chain and ancillary industries.

30 Undervalued Stocks

Here are some of our analysts' best ideas across sectors.

Susan Dziubinski

Quarter-End Insights

Basic Materials: Few High-Upside Investment Opportunities

Basic materials stocks have soundly underperformed the global index.

12 High-Quality Foreign Stocks on Sale

These wide- and narrow-moat international stocks are trading well below our fair value estimates.

Susan Dziubinski

Transparency is our policy. Learn how it impacts everything we do.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.