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The Big News That Sent This Lithium Stock Tumbling 17.8% in May

·2 min read
The Big News That Sent This Lithium Stock Tumbling 17.8% in May

May turned out to be the worst month for investors in Sociedad Quimica y Minera de Chile (NYSE: SQM) as the stock slumped 17.8%, according to data provided by S&P Global Market Intelligence. Much to investors' relief, though, the stock reversed course swiftly and is already up 9.8% in June, as of this writing. Lithium stocks took a hit earlier in May when Albemarle (NYSE: ALB) projected only a modest improvement in its 2021 performance and left its full-year guidance unchanged despite 12% growth in its first-quarter sales.