Top Growth Stocks: Sociedad Quimica Y Minera de Chile (SQM)
Sociedad Quimica Y Minera de Chile (NYSE: SQM), or the Chemical & Mining Co. of Chile, is the largest producer of specialty plant nutrients, lithium and derivatives, iodine and derivatives, industrial chemicals and potassium in the world.
Not surprisingly, given that list of materials, its products have a range of uses.
Its Specialty Plant Nutrition division provides nutrients and fertilizers to boost crop output. Increasing productivity is crucial to farmers, especially when prices (and margins) are low.
Its Iodine division offers derivatives that are used in medical and industrial applications, as well as in antiseptics, disinfectants and polarizing films for LCDs.
Its Lithium division provides lithium carbonates for batteries, heat-resistant glass, air conditioning chemicals and more. With electric and hybrid vehicle demand growing, consistent lithium supplies are crucial.
Its Industrials Chemicals division produces industrial nitrates that are used to manufacture glass and explosives.
Its Potassium division focuses on the sales of two potassium fertilizers. Trade issues have discounted the stock and make it a bargain long-term investment now.
Source: Investor Place