Why Lithium Stock SQM Dropped 8.4% in November

Shares of specialty chemical company Sociedad Quimica y Minera de Chile (NYSE: SQM) or SQM, which is the world's second-largest lithium producer, declined 8.4% in November, according to data from S&P Global Market Intelligence.

For context, shares of the world's largest lithium producer, Albemarle, declined 4.6%, and the S&P 500 returned 3.1% in the month.

SQM stock has returned a scorching 95.9% so far in 2017, through Nov. 30, crushing the broader market's 20.5% return over this period.

Source: Fool.com