Sociedad Quimica y Minera (ADR) (NYSE:SQM)

CAPS Rating: 5 out of 5

The Company is a producer of potassium nitrate, iodine and lithium carbonate. It also produces other specialty plant nutrition products, iodine and lithium derivatives, and certain industrial chemicals, including industrial nitrates.

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Player Avatar strat91 (45.20) Submitted: 4/14/2009 3:12:18 PM : Outperform Start Price: $30.90 SQM Score: +10.91

If lithium battery technology becomes the favored technology for hybrid vehicles, sqm is in one of the best positions to fill the lithium demand. Lithium batteries weigh considerably less than the NiMH batteries currently used in the Prius. I'm not sure if the hybrid or the electric car is a viable long term solution, but it will be in demand for several years to come.

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