SQM Posts Record Sales but Suffers $404 Million Loss Amid Lithium Price Drop

SQM Posts Record Sales but Suffers $404 Million Loss Amid Lithium Price Drop

Sociedad Química y Minera (SQM), Chile’s leading non-metallic mining company and the world’s second-largest lithium producer, reported a $404 million net loss for 2024. This sharp downturn contrasts with its $2 billion profit in 2023 and reflects the significant impact of falling lithium prices on its financial performance. Despite record sales volumes, SQM’s total revenue […]

The decrease in the price of lithium impacted in 2024 on the fiscal accounts, something that the Ministry of Finance itself has recognized. The Treasury receives, from the companies producing lithium, SQM and the United States Albemarle, payments for the lease of the mining belongings in the Atacama salt farm, the largest deposit in the world, figures that are associated with the sale price of lithium. And that price decreased sharply in the las…

Morgan Stanley gives up on lithium rebound as supply woes return

The US broker has walked back from its bullish December call that it’s safe for investors to re-enter the beaten up sector. At the time, its top pick was Mineral Resources, which has since dived 40 per cent.

Head to Head Contrast: Lithium Argentina (LAR) vs. Its Peers

Risk and Volatility Lithium Argentina has a beta of 1.36, indicating that its share price is 36% more volatile than the S&P 500. Comparatively, Lithium Argentina’s competitors have a beta of 0.43, indicating that their average share price is 57% less volatile than the S&P 500. Profitability This table compares Lithium Argentina and its competitors’ […]

The mining company declared itself “optimist” with the white ore market despite the fall in price and said that the agreement with Codelco would be formalized in the second half of 2025.

The Chilean lithium producer Sociedad Química y Minera (SQM) has recorded losses of 404 million dollars (377 million euros) in 2024 against the gains of 2,012 million dollars (1,880 million euros) a year ago. According to reports, total revenues fell 39.4% year-on-year, to 4,522 million dollars (4,232 million euros). By business segments, revenues of lithium and derivatives totaled 2,241.3 million dollars (2,095 million euros), 49% of the total,…