https://newsletter.mw.creamermedia.com
Industrial
Industrial
industrial

Chile's SQM reports about 41% drop in profit on lower lithium prices

5th March 2025

By: Reuters

  

Font size: - +

Chile's SQM, the world's second-largest lithium producer, reported a 40.9% fall in fourth-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in lithium prices.

The miner, which also produces fertilizers and industrial chemicals, reported net profit of $120.1-million, or 42 cents a share for the October-December period, compared to $205.9-million a year earlier.

Analysts were expecting a net profit of $130.95-million, or 52 cents per share, according to data compiled by LSEG.

SQM's revenue of $1.07 billion was marginally ahead of $1-billion expected by analysts. However, the results were impacted by prices of lithium, which have fallen more than 80% in two years.

SQM will discuss results with analysts on Wednesday at 1600 GMT.

Edited by Reuters

Comments

Showroom

ALCONTROL Breathalyser
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (30/05/2025)
30th May 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.166 0.244s - 126pq - 2rq
Subscribe Now