Saturday , October 23 2021

SQM's income is US $ 330 million between January and September



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The profits registered by SQM so far this year are a setback, compared to 2017 figures.

This, due to the fact that in the third quarter it reported revenues of US $ 83.5 million, which translates into a decrease of 26% compared to what was obtained in the same period last year.

"During 2017, we announced significant lithium expansion near Antofagasta, which will enable us to increase capacity by almost 50%. This project, which involves complete renovations of our existing plants in a short time and low investment," said SQM general manager Patricio de Solminihac a Pulso.

For this, he added that "as previously announced, the start-up of the factory which has been completely renovated is more challenging than expected, which is This has affected our ability to produce high-quality lithium during the third quarter, affecting our sales. "

The income of non-metal mining companies was US $ 543.2 million, which was a decrease of 2.8% compared to US $ 558.7 million in the same period the previous year. De Solminihac said that the figures for the fourth quarter could be very similar to those obtained.

With third-quarter results, the company's profit is still controlled by Julio Ponce Lerou of US $ 331 million between January and September, which compares positively with US $ 317 million recorded in the 2017 period.

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