Why Lithium Stocks SQM and Albemarle Soared 7% and Nearly 5% Today
Shares of the world's biggest lithium players -- Sociedad Quimica y Minera de Chile (NYSE: SQM), or SQM, and Albemarle (NYSE: ALB) -- jumped 7% and 4.7%, respectively, on Monday.
This brings their year-to-date 2017 returns to a torrid nearly 86% and 45%, respectively. For context, the S&P 500 has returned 12.7% so far this year.
Image source: Getty Images.
Source: Fool.com
Sociedad Quimica y Minera de Chile SA ADR Stock
€44.20
-0.230%
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 62 € there is a positive potential of 40.27% for Sociedad Quimica y Minera de Chile SA ADR compared to the current price of 44.2 €.
