SQM

  • SQM’s quarterly profit drops 59% as lithium contract floors and price slump weigh

    SQM’s quarterly profit drops 59% as lithium contract floors and price slump weigh

    BY John Davis
    SQM, Chilean lithium and specialty chemicals producer, reported a second-quarter net profit of $88.4 million, down 59% year on year, as realized lithium prices fell and legacy contract floors curtailed volumes. Revenue came in at $1.04 billion, broadly in line with the $1.064 billion analyst consensus, but earnings missed the $143.01 million expected by LSEG-compiled...
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  • SQM to Cut Lithium Investments Amid Market Slowdown

    BY Lara Browne
    Chilean lithium producer SQM plans to reduce its investment budget to $1.2 billion in 2025, down from $1.6 billion in the previous year. Capital expenditures for lithium assets will decrease from $1.3 billion to approximately $900 million, with $550 million allocated for projects in Chile and $350 million for international developments. SQM’s revenue from lithium...
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