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Why Sociedad Quimica Y Minera de Chile Stock Popped Today

The Motley Fool Logo The Motley Fool By Rich Smith
Why Sociedad Quimica Y Minera de Chile Stock Popped Today

China's revocation of 27 expired lithium mining permits caused a 7.6% rise in Chinese lithium prices, positively impacting global lithium mining stocks, particularly Sociedad Quimica Y Minera de Chile (SQM).

Insights
NVDA   neutral

Up 40% YTD, but outperformed by data memory stocks in the AI infrastructure ecosystem


SQM   positive

Stock rose 5.67% due to potential lithium price increases, company is already profitable with $525 million earnings last year, and is well-positioned for potential lithium market growth