Why Sociedad Quimica y Minera de Chile Stock Popped 13.5% This Morning

Shares of famed Chilean lithium miner Sociedad Quimica y Minera de Chile (NYSE: SQM) -- famed as one of the few ways investors can play the rise of electric vehicles powered by lithium batteries -- notched a swift 13.5% gain in early Monday trading, before falling back to enjoy a more modest 8.1% rise as of 11:15 a.m. EST.

Believe it or not, this entire price movement appears to be tied to an election victory in Chile.

Sociedad Quimica stock is on fire today. But is this good news for value investors? Image source: Getty Images.

Source: Fool.com