jackshack

Is There an Oil Crisis Looming?

Great comment on SQM, I have been following and long for some time. The stock is on a tear to say the least about a 5 year tear, but they haven't even hit their sweet spot yet with lithium. Chevy just pushed the Volt back to 2011 for commercial production which is lame, but companies like A123 press on. Tesla is dominating, I wish they would go public and really press Detroit to step up. Tata motors is close and Phoenix Motors is having problems as well. I have been following ALTI for another lithium battery play.

All in all SQM is a monster and even though it has gone vertical after Cramer's coverage you have to think it goes higher over the next 3-5 years as lithium ion batteries will be in cars, laptops, cellphones, mp3's, handheld video games and are now even being tested as backup batteries for buildings and the electrical grid.

SQM does 75% of the world's lithium roughly which ranks up there with INTC and MSFT in terms of global market share. I agree you really need to read their 10K to truly appreciate their breadth.