Report
David Wang
EUR 147.86 For Business Accounts Only

Raising Fair Values for Albemarle, Sociedad Quimica, and FMC on Higher Lithium Price Forecast

We are increasing our fair value estimates for Albemarle, Sociedad Quimica, and FMC to reflect our updated lithium price forecast, following our in-depth analysis calling for above-consensus global electric vehicle (EV) sales growth. We have raised our long-term lithium carbonate price forecast to $10,000 per metric ton from $6,000 per metric ton previously. Whereas our previous price forecast was based on the marginal operating cost of existing production, our new forecast is based on the incen...
Underlying
FMC Corporation

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.

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
David Wang

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