SQM's deal with Chile's Corfo could shift LT Li Supply - Bad day for listed Li Companies
Lithium (Li) Companies have had an incredible 6-9mths, most 2x or 3x higher. So you could be forgiven to think they were ripe for some news to temper the run. The news that has seen weakness across the board is that Chilean Corfo (Govt) said it had struck a deal with lithium company SQM (SQM.NYS), ending a long dispute over royalties in Chile’s Salar de Atacama, home to one of the world’s richest lithium deposits. The supply implications have sent Li names lower across the board, including SQM (-6.6%) who made the deal and get to develop the deposit! Note discusses (VIEW LINK)
2 stocks mentioned
Wentworth Securities are a team of investment specialists, with expertise across traditional stockbroking through to model portfolio management. With a depth of experience ranging from small caps through to macroeconomic thematics. Fully independent.