AT A GLANCE: SQM reports big fall in Q1 2020 earnings on lower lithium prices, Covid-19

By Michael Greenfield, Michael Greenfield, Dalila Ouerghi
Published: Wednesday, 20 May 2020

A summary of Chile-based Sociedad Quimiqa y Minera's (SQM) financial results for the first quarter of 2020, as stated in its earnings report published on Wednesday May 20.

In brief:

SQM's reported earnings for the January-March period of 2020 reached $45 million, a 44% slump compared with the first three months of 2019 due to lower average lithium prices and additional headwinds triggered by the Covid-19 pandemic.Average lithium prices dropped...

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