S&P 500 Analysis & ETF Trading

[kiy]

SQM Lithium (T/$60-65-70)...the lowest-cost lithium producer, its increased production should give it greater power to take market share from other lithium producers. SQM has struck a deal with Chile's Corfo development agency, which could enable SQM to quadruple its production quota for lithium by 2026, and permit it to supply a greater proportion of global demand for lithium, gobbling up market share. Tesla is discussing the idea of building a processing plant in Chile itself, there to process lithium as it is produced by SQM. FT described Tesla's offer as a move by Tesla to "lock in" lithium supply for its own use, and at the same time cut processing costs by availing itself of cheap Chilean solar power. (Chile has some of the cheapest rates for solar-produced energy in the world.) Motley Fool.com




SQM