SQM lithium sales increased by 40% in the third quarter compared with the previous quarter. Sales are expected to be higher in the fourth quarter.

SMM11, June 27: recently, SQM reported net income of $97.5 million in the first three quarters, down 53.6% from a year earlier. The decline in net profit was mainly affected by settlement fees, which involved a class action against the company in the United States, which had an one-time pre-tax impact of $62.5 million.

Lithium sales exceeded 17600 tons in the third quarter of 2020, up 40% from the previous quarter, and we expect sales to be even higher in the fourth quarter.

If the impact of the novel coronavirus epidemic begins to abate in 2021, demand will return to 2019 levels in 2021.