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. The group’s share price has slid around 30% in the last 12 months.
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