Sociedad Quimica y Minera de Chile (ADR) (SQM) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Jul 13, 2016.
Sociedad Quimica y Minera de Chile (ADR) opened for trading at $25.51 and hit $25.83 on the upside on Monday, eventually ending the session at $25.6, with a gain of 0.23% or 0.06 points. The heightened volatility saw the trading volume jump to 4,50,696 shares. Company has a market cap of $6,738 M.
Sociedad Quimica y Minera de Chile S.A. (SQM) is a producer of potassium nitrate and iodine chemicals. The Company operates in six segments: specialty plant nutrients industrial chemicals iodine and derivatives lithium and derivatives potassium and other products and services. It produces four types of specialty plant nutrients: potassium nitrate sodium nitrate sodium potassium nitrate and specialty blends. It produces iodine and iodine derivatives which are used in a range of medical pharmaceutical agricultural and industrial applications. It is also a producer of lithium carbonate which is used in a range of applications. SQM produces potassium chloride and potassium sulfate from brines extracted from the Salar de Atacama. It produces four industrial chemicals: sodium nitrate potassium nitrate boric acid and potassium chloride. In addition it sells other fertilizers and blends some of which it does not produce.