Report
Seth Goldstein, CFA
EUR 101.80 For Business Accounts Only

Higher EV adoption should drive strong lithium growth for narrow-moat Albemarle.

Reuters reported that the Chilean government asked Corfo to reach a deal with Sociedad Quimica Y Minera De Chile when the two sides meet for a scheduled arbitration hearing on Wednesday, Jan. 17. Reuters indicates that SQM and Corfo will agree to resolve their arbitration, and SQM would be allowed to produce up to 180,000 metric tons of lithium annually, which would be a dramatic increase from current production of around 50,000 metric tons.
Our lithium supply and demand model had assumed SQM wo...
Underlying
Albemarle Corporation

Albemarle is a global developer, manufacturer and marketer of chemicals across a range of end markets including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection and custom chemistry services. The company's segments include: Lithium, which develops and manufactures a range of basic lithium compounds and lithium specialties and reagents; Bromine Specialties, which includes products used in fire safety solutions and other chemicals applications; and Catalysts, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.

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, CFA

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