Why Sociedad Quimica y Minera Stock Popped Today
Shares of Chilean lithium mining company Sociedad Quimica y Minera (NYSE: SQM) -- simply "SQM" to its friends -- jumped 4.9% through 12:10 p.m. ET this afternoon on positive news out of Europe.
As Euro News reports, the European Union has prepared a list of 34 raw materials critical to its member countries' economies and deserving of government support. Lithium is on this list, alongside metals such as cobalt and magnesium and various rare earth elements -- all essential components of electric car batteries and electric motors.
Image source: Getty Images.
Source Fool.com
Sociedad Quimica y Minera de Chile SA ADR Aktie
39,20 €
4,18 %
Die Sociedad Quimica y Minera de Chile SA ADR Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Dadurch ergibt sich bei einem Kursziel von 43 € ein leicht positives Potenzial von 9.69% im Vergleich zum aktuellen Kurs von 39.2 € bei Sociedad Quimica y Minera de Chile SA ADR.
