Chile’s SQM warns of coronavirus effect on lithium prices, sales

By IM Staff
Published: Wednesday, 04 March 2020

Chilean lithium producer Sociedad Quimica y Minera de Chile (SQM) warned of the likely negative consequences of the coronavirus outbreak on lithium pricing and sales in China in the first quarter of 2020, while reporting falls in both revenue and profits in 2019 due to weak demand.

SQM generated total revenue of $1.94 billion for January-December 2019, down by 14% from $2.26 billion in 2018, it said in its full-year 2019 earnings conference call on Tuesday March 3. Net profit was $278.1 million in 2019, down by 37% from $439.8 million in 2018.

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.