5 Best Lithium Stocks To Buy Now

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In this article, we discuss 5 best lithium stocks to buy now. If you want to read our detailed discussion on the lithium industry, click 11 Best Lithium Stocks To Buy Now

5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Number of Hedge Fund Holders: 20

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) specializes in the production and distribution of various specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, and industrial chemicals, among other related products and services. Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the best lithium stocks to watch. 

On July 6, Sociedad Química y Minera de Chile S.A. (NYSE:SQM) announced the establishment of a new long-term agreement for the supply of over 100,000 metric tons of battery-grade lithium carbonate and lithium hydroxide to LG Energy in South Korea. This agreement is set to extend until 2029.

According to Insider Monkey’s first quarter database, 20 hedge funds were bullish on Sociedad Química y Minera de Chile S.A. (NYSE:SQM), compared to 25 funds in the prior quarter. Ken Griffin’s Citadel Investment Group is the biggest stakeholder of the company, with 1.5 million shares worth $125 million. 

Here is what ClearBridge Investments has to say about Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in its Q1 2021 investor letter:

“Among materials names in our structural bucket, we sold SQM as the stock hit our price target. Lithium prices remain at levels well below previous highs and while we expect they may reach higher levels in the future; high pricing likely encourages additional supply onto the market.”

Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)

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