Chile’s SQM earnings plunge in Q3 as lithium costs, demand progress fall quick

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Chile’s SQM earnings plunge in Q3 as lithium costs, demand progress fall quick

SANTIAGO, Nov 21 (Reuters) - Chile's SQM SQMA.SN, the world's No. 2 producer of lithium, mentioned


SANTIAGO, Nov 21 (Reuters)Chile’s SQM SQMA.SN, the world’s No. 2 producer of lithium, mentioned its earnings had plunged once more within the third quarter on sagging costs for the important thing battery steel and softer-than-expected demand this 12 months from China.

Earnings sank 27.5% to $60.5 million within the third quarter quarter, from $83.5 million a 12 months earlier, the corporate reported late on Wednesday.

(Reporting by Dave Sherwood; Modifying by Edmund Blair)

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