Benzinga·2025-11-19 12:26Core Insights - Sociedad Quimica Y Minera De Chile (SQM) has seen a significant increase in investor confidence, reflected in its rise to the top 10th percentile of Benzinga Edge's momentum rankings with a score of 90.88, up from 84.34 [2][3] - The company's stock has surged 64.77% year-to-date, outperforming the S&P 500 and Dow Jones indices, which returned 12.76% and 8.73% respectively over the same period [7] Company Performance - SQM's momentum score increased by 6.54 points, indicating an accelerating upward trajectory in its stock performance [2] - The stock has shown gains across short-term, medium-term, and long-term trends, with specific percentile rankings of 54.70 for growth and 53.29 for value, although quality lags at 21.07 [3] Industry Position - SQM plays a crucial role in Tesla's battery supply chain, having secured significant supply agreements for lithium, including a recent expanded deal in July 2023 to deliver up to 55,000 metric tons of lithium carbonate annually to LG Energy Solution [4][5] - The demand for electric vehicles (EVs) is projected to exceed 14 million units in 2024, positioning SQM favorably due to lithium's essential role in lithium-ion batteries [6] Market Comparison - SQM's stock performance over the past year shows a 51.76% increase, with notable gains of 71.83% over six months and 34.42% over one month [7] - The stock was up 2.59% in premarket trading, indicating continued positive momentum despite mixed futures for major indices [7]