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SQM's profit skyrockets on sales, lithium prices

Leading lithium producer SQM saw more than a 10-fold year on year increase in net income in the third quarter of 2022 with US$1.1 billion as it recorded its highest sales volumes amid strong lithium prices.

SQM's profit skyrockets on sales, lithium prices SQM's profit skyrockets on sales, lithium prices SQM's profit skyrockets on sales, lithium prices SQM's profit skyrockets on sales, lithium prices SQM's profit skyrockets on sales, lithium prices

This year we believe demand growth will be over 40% when compared to last year and for this reason we continue to invest in new projects,” SQM’s CEO Ricardo Ramos said.

SQM's board also approved the first stages of expanding its Chilean production.

The company, based in Chile, saw net income per share of $3.85 for the three months, which is up from $0.