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@ Layer3.news
2025-03-06 12:58:21
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgr8g2hyzql5lt4cxfjdj40hgtu6vydvsqvsesqy8canygcce3lwvyyapkyy
CHILE'S SQM REPORTS 41% DROP IN PROFIT ON LOWER LITHIUM PRICES
https://media.zenfs.com/en/reuters-finance.com/1ab6c57994ad81d55b29095410dc059c
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✍️ Chile's SQM, the world's second-largest lithium producer, reported a 40.9% fall in fourth-quarter net profit due to a sharp decline in lithium prices.
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👉 SQM reported a 40.9% fall in fourth-quarter net profit
👉 Lithium prices have fallen more than 80% in two years
👉 SQM expects sales volumes to rise 15% this year
👉 Prices are expected to dip further in the first quarter
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#Santiago #Bengaluru #business
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