Lithium Stocks Fall on SQM Supply Announcement, but Our Long-Term Outlook Is Unchanged
On May 24, SQM announced an additional 80,000 metric ton capacity expansion, driving shares of Albemarle, SQM, and FMC down 7%, 6%, and 3%, respectively. Although the capacity expansion will occur faster than we had previously expected, we had already forecast that SQM would bring extra supply on line. We've updated our lithium carbonate price forecast (on a Chilean export basis) to reflect SQM's new capacity expansion timeline. Our short-term price forecast increases to $11,500 per metric ton f...FMC is an agricultural sciences company. The company provides solutions to growers around the world with a product portfolio fueled by a discovery and development pipeline in crop protection, plant health, and personnel pest and turf management. This combination of technologies includes insect control products based on Rynaxypyr? and Cyazypyr? active ingredients; Authority?, Boral?, Centium?, Command? and Gamit? branded herbicides; Talstar? and Hero? insecticides; and flutriafol-based fungicides. The company's products are used in agriculture to improve crop yield and quality by controlling a range of insects, weeds and disease, as well as in non-agricultural markets for pest control.
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.
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