Chile’s SQM posts profit down 82% as lithium prices slide – ET Auto
Baua Electric
FEBRUARY 29, 2024
Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. Revenue for the period fell 58% to USD 1.31 billion, also lagging LSEG’s USD 1.35
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