|Bid||32.50 x 800|
|Ask||0.00 x 1000|
|Day's Range||54.80 - 56.49|
|52 Week Range||32.38 - 64.20|
|PE Ratio (TTM)||33.93|
|Forward Dividend & Yield||1.60 (2.90%)|
|1y Target Est||58.81|
China is aggressively securing supplies of lithium, a key ingredient for making lithium-ion batteries for electric vehicles.
LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free research report on Nutrien Ltd (NYSE: NTR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=NTR as the Company's latest news hit the wire. On May 17, 2018, the Company announced that it has signed an agreement with China's Tianqi Lithium Corporation to divest its stake in Sociedad Química y Minera de Chile S.A. (NYSE: SQM). SQM is a global Company with five main business segments - Specialty Plant Nutrition, Iodine and derivatives, Lithium and derivatives, Industrial Chemicals and Potassium.
Moody's Investors Service has placed on review for downgrade the Baa3 issuer rating of Tianqi Lithium Corporation (Tianqi Lithium), and the Baa3 senior unsecured rating on the bonds issued by Tianqi Finco Co., Ltd and guaranteed by Tianqi Lithium. "The review for downgrade reflects Tianqi Lithium's potential rise in leverage after its completion of its proposed acquisition of a 23.8% stake in Sociedad Quimica y Minera de Chile S.A. (SQM, Baa1 stable)," says Gerwin Ho, a Moody's Vice President and Senior Credit Officer.
Since emerging as an industrial superpower in the 2000s, China has repeatedly tried to lock up essential resources like iron ore and so-called rare earths. The latest example is lithium, a key battery element: Shenzhen-listed Tianqi Lithium is paying $4.07 billion for 24% of lithium miner Sociedad Quimica y Minera de Chile. Together, they would control 70% of the global lithium market, according to Chile’s state development agency.
SQM, based in Santiago, Chile, makes and distributes lithium along with plant nutrients, fertilizers, iodine and other chemicals. Tianqi produces an array of lithium products. Chile’s state development agency said Tianqi and SQM combined would control 70% of the lithium market world-wide.
FMC (FMC), similar to Sociedad Química y Minera de Chile (SQM) and Albemarle (ALB), also has exposure to lithium, which makes it attractive to lithium investors (LIT). The company reported its earnings on May 2. Its EPS (earnings per share) of $1.84 beat analyst estimates of $1.6 at the time of its earnings. In the following weeks, the company saw several upgrades with the stock rising by almost 9% to $87.4 on May 10.
Albemarle (ALB) reported strong 1Q18 earnings on May 9. The company reported an adjusted EPS (earnings per share) of $1.30—an increase of 23.8% on a YoY (year-over-year) basis. Albemarle’s earnings were influenced by strong revenue growth, better operating efficiency, and improved cost control.
Sociedad Química y Minera de Chile (SQM) has continued to give a lackluster performance compared to its 2017 rally. The stock is trading almost 4% lower YTD (year-to-date), while peer (LIT) Albemarle (ALB) is down almost 23%, and FMC (FMC) is down almost 7.6% YTD as of May 10.
Nutrien (NTR) reported earnings on May 7 after the market closed. Much of the recent surge in the company’s stock appears to have come from its merger talks with Sociedad Química y Minera de Chile (SQM), which is one of the largest lithium producers (LIT).
Tesla could be hit by yet more production issues due to a shortage of electric vehicle batteries, according to Moody's. Ford and GM are two of the other companies who may be affected if a scarcity of key metals.
Lithium demand is booming as phones and electric vehicle batteries increasingly turn to this high-quality metal for capacity and charging capabilities. Millions of new electric vehicles, and other alternative energy solutions will drive this need over the coming decade. America, and specifically portions of Nevada, may offer a new horizon for the mining industry.
Sociedad Química y Minera de Chile S.A. (SQM), which produces plant nutrients and industrial chemicals, has gained attention over its lithium business in anticipation of the booming electric car market. The consensus mean rating on Sociedad Química y Minera de Chile S.A. on April 19 stood at 2.4, which remained unchanged from the previous month. The consensus mean price target on Sociedad Química y Minera de Chile S.A. stood at $58.60 per share for the next 12 months while the median price target was lower at $56.80.
Moody's Investors Service assigned a Prime-2 commercial paper rating to Nutrien Ltd. (Nutrien). Moody's also affirmed Nutrien's issuer rating at Baa2. The rating outlook is stable. The commercial paper ...
NEW YORK, March 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Lithium stocks have soared in recent years -- this comparison should help investors make decisions in this dynamic space.
Lithium capacity expansion and geographic diversification plans were among the major topics discussed by the world's second-largest lithium producer's management on the Q4 earnings call.
On March 9, 2018, Albemarle (ALB) announced that Chile’s Economic Development Agency increased the company’s lithium quota. According to the new contract, Albemarle can produce 145,000 metric tons of lithium carbonate equivalent until 2043 in Chile. Albemarle will use its new innovative technology to produce more lithium without pumping additional brine, which could bring down its cost and improve margins.
Stock Monitor: Sociedad Quimica y Minera de Chile Post Earnings Reporting LONDON, UK / ACCESSWIRE / March 13, 2018 / Active-Investors.com has just released a free research report on FMC Corp. (NYSE: FMC ...
Citing concerns about unfair competitive advantages in the EV market, the South American country is trying to prevent the Chinese from buying Nutrien's 32% stake in the world's second-largest lithium producer.