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SQM reports net loss for 2024 on low lithium prices

Miner reports drop in financials as record sales fail to make up for low prices

Isabeau van Halm
SQM's brines in the Atacama Desert in Chile. Credit: SQM

SQM's brines in the Atacama Desert in Chile | Credits: SQM

Chile's SQM reported a net loss of US$404.4 million, or $1.42 per share, in 2024 as lithium prices have sharply declined over the last two years. In 2023, SQM had a net income of around $2 billion, or...

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