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Sociedad Quimica Y Minera De Chile SA ADR SQM Stock Quote

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Morningstar‘s Stock Analysis SQM

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SQM's Growing Lithium Capacity Should Benefit From Higher Prices as EV Adoption Rises

Business Strategy and Outlook

| Seth Goldstein, CFA |

Through its access to high-quality mineral deposits, Sociedad Quimica y Minera de Chile is a large, low-cost producer of lithium, iodine, and nitrates used in specialty fertilizers. SQM’s crown jewels are its geologically advantaged lithium and caliche ore assets. SQM’s low-cost lithium deposit in the Salar de Atacama boasts the highest concentration of lithium globally and benefits from high evaporation rates in the Chilean desert. As electric vehicle penetration increases, we expect high-double-digit annual growth for global lithium demand, one of the best growth profiles among commodities.

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Key Statistics SQM

Company Profile SQM

Business Description

Sociedad Quimica y Minera de Chile is a Chilean commodities producer with significant operations in lithium (primarily used in batteries for electric vehicles and energy storage systems), specialty and standard potassium fertilizers, iodine (primarily used in X-ray contrast media), and solar salts. The company extracts these materials through its high-quality caliche ore and salt brine deposits. SQM is also developing a hard rock lithium project in Australia.

Contact
El Trovador 4285, 6th Floor, Las Condes
Santiago, Chile
T +56 224252000
Industry Specialty Chemicals
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2021
Employees 6,462

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