SQM lithium revenue up 130% in 2016
Published: Thursday, 02 March 2017
The Chilean lithium, iodine and potash producer saw revenues from lithium spike last year, driven by higher prices in a tight market. Iodine revenues fell amid a low price dynamic, although the company’s market share grew.
Chile’s Sociedad Quimica y
Minera SA (SQM) brought in lithium revenues of $514.6m in 2016,
up 131% on the previous year.
The company pointed to "robust" global
demand growth of around 14% for the battery mineral, which were
not matched by supply increases.
"We saw delays in some...