Sociedad Quimica Y Minera De Chile S.A. Sponsored ADR Pfd Class B Aktie News

The rise of electric vehicles and the world's transition away from fossil fuels has led to the emergence of lithium stocks to buy. These stocks could be millionaire-makers.

Sociedad Química y Minera de Chile S.A. (NYSE:SQM ) Q1 2024 Earnings Conference Call May 23, 2024 12:00 PM ET Company Participants Irina Axenova - Head of IR Gerardo Illanes - Chief Financial Officer Carlos Diaz - Executive Vice President of Lithium Mark Fones - Vice President of Lithium Development and M&A Juan Pablo Bellolio - Commercial Vice President of Iodine & Industrial Chemicals Confere...

Highlights   •          SQM reported total revenues for the three months ended March 31, 2024 of US$1,084.5 million compared to total revenues of  US$2,263.9 million for the same period last year.  •          Net loss(1) for the three months ended March 31, 2024 of (US$869.5) million or (US$3.04) per share, compared to net income of  US$749.9 million, US$2.63 per share for the same period last ...

Albemarle and SQM are well-positioned to rebound as the lithium supply/demand dynamic normalizes in the future. Lithium demand is expected to increase significantly between 2025 and 2035, indicating a potential recovery in lithium prices. Albemarle and SQM stocks are currently undervalued, with the potential for substantial price increases in the coming years.

The share prices of lithium miners are booming even as sales of lithium powered electric vehicles slow, a disconnection which should ring an alarm bell for investors.

There are multiple signs that lithium prices are headed higher. It was recently determined that the lithium carbonate CIF North Asia price had reached $14,600 on May 7.

With the fallout in the electric vehicle sector, talking about the best lithium stocks to buy might seem premature. Nevertheless, lithium is more than just EVs.

Investors should keep an eye out for lithium stocks to buy, as they could be poised to rise in the near term. Lithium is used to make batteries for electric vehicles and consumer electronics.