Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

SQM Shares Remain Undervalued as Long-Term Lithium Outlook Intact

Of our two key takeaways from SQM's fourth-quarter earnings release, the first is that management seems likely to act as a rational player in the lithium carbonate market over the next several years as new supply comes on line. This should partially support medium-term lithium prices, although we continue to forecast lower prices over the next few years. Our second takeaway is that SQM will sell less than 50,000 metric tons of lithium on an LCE basis in 2019, which is well below our previous for...
Underlying
Sociedad Quimica y Minera de Chile S.A. Series B ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Seth Goldstein

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