Report
Seth Goldstein
EUR 100.00 For Business Accounts Only

SQM's Low-Cost Lithium Expansions Well Positioned to Benefit From Increased EV Adoption

On Dec. 3, SQM reported that the sale of Nutrien's 24% equity stake in SQM to Tianqi Lithium was completed. We had already assumed a 100% probability that the deal would close after the transaction cleared all regulatory hurdles. As such, we maintain our narrow-moat Nutrien fair value estimates of $68 per share and CAD 89 per share, respectively. Our $65 per share fair value estimate for narrow-moat SQM is also unchanged.
Until the transaction was completed, the risk existed that Nutrien may hav...
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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