Our $55 FVE Intact as Sociedad Quimica’s Lithium Growth Plans Remain in Line With Our Forecast
Sociedad Quimica Y Minera reported solid fourth-quarter earnings as higher lithium prices and specialty plant nutrition volumes grew gross profits 6% year on year to $216 million. During the earnings call, management shared the company’s lithium capacity expansion plans over the next several years, which were consistent with our forecast. Management’s lithium price guidance sent shares down by more than 5% at time of writing and are down nearly 20% since the beginning of the week to around $47 p...
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