Following on from yesterday’s target upgrade for GMM we have...

Following on from yesterday’s target upgrade for GMM we have seen some big moves in NYSE listed Lithium majors overnight.

SQM up 7.5%
FMC up 4%

SQM now capped at $6.5b. They need to diversify out of Chile for political reasons. They now have the currency and balance sheet to do that, should see some sector consolidation soon enough, GMM/GXY are in a very strong position to benefit from any action.