Chile Nationalizing Lithium? Not Exactly. (SQM/ALB Trade)
Chilean lithium stocks have overreacted to a poorly worded Financial Times headline.
There was much excitement on Twitter and elsewhere Friday following headlines claiming that Chile is going to "nationalize" its lithium mining industry. Shares of the major lithium companies exposed to Chile, namely Albemarle (ALB) and Sociedad Quimica y Minera (SQM) took a spill. ALB is down 7% today as of this writing and SQM is down 13%.
And Friday's …
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