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Sociedad Quimica Y Minera De Chile SA ADR - Stock Quote SQM

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Morningstar's Sociedad Quimica Y Minera De Chile SA ADR Stock Analysis

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Tesla Management Claims Company May Enter Lithium Production, but Our Outlook Is Unchanged

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA |

On April 8, Tesla CEO Elon Musk sent a series of tweets that suggested Tesla may enter the lithium mining and refining space due to high lithium prices. This is not the first time Tesla management has suggested the company may integrate upstream into lithium, as Tesla provided high-level plans to produce lithium at its battery day in 2020. Should management be serious about entering the lithium space, we think the most likely route would be an acquisition of an existing lithium company. If this were to occur, net lithium supply would be unchanged as Tesla would supply at least some of its own lithium demand.

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Sociedad Quimica Y Minera De Chile SA ADR's Company Profile

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
Sector Basic Materials
Industry Chemicals
Most Recent Earnings Dec 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 6,081

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