SQM Suffers $870 Million Loss in First Quarter Amid Lithium Price Drop

Publié: May 23, 2024 16:53

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SQM Lost $870 Million in the First Quarter" Chilean mining and chemical company SQM, the world's second largest lithium producer, fell into a loss in the first quarter of this year due to a sharp drop in lithium prices. According to the financial report released by the Santiago-based company, the net loss reached $870 million in the three months ended March 31st, a stark contrast to the net profit of $750 million in the same period last year. Although the sales volume of lithium recorded a year-on-year increase of 34%, it still failed to reverse the loss situation.

Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.

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