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Fly News Breaks for August 22, 2019
SQM
Aug 22, 2019 | 07:45 EDT
As previously reported, JPMorgan analyst Lucas Ferreira downgraded SQM to Underweight from Neutral after the company "once again" lowered its lithium price forecast citing significant exposure to the deteriorating Chinese market. He sees no short-term resistance to lithium carbonate prices given increasing supply, lower global economic growth and the weaker yuan, said Ferreira, who lowered his price target on SQM shares to $23 from $29.
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