Sociedad Quimica (SQM) beats first-quarter estimates on higher sales volumes amid headwinds from lower prices.
There are multiple signs that lithium prices are headed higher. It was recently determined that the lithium carbonate CIF North Asia price had reached $14,600 on May 7. That represented the highest price in almost four months — snapping up cheap lithium stocks now could boost your portfolio. Arcadium Lithium’s (NYSE:ALTM) prices of more than $20,000 per metric ton for its lithium carbonate and hydroxide sales. Barron’s believes that lithium prices will begin to stabilize soon. It also reported t
Weakness is becoming opportunity for down, but not out lithium stocks to buy. Look at Albemarle (NYSE:ALB), for example. Since bouncing from triple bottoming support at around $110, ALB is now up to $131.51. From here, if it can break above resistance at $140, it could retest $150 shortly after. Helping, lithium prices are finally showing signs of bottoming out after months of downside. Better, according to analysts at Canaccord Genuity, lithium prices and related stocks are “poised to rebound b