Lithium Giant SQM Faces Market Reality: Q3 Profits Drop 73% Despite Record Production

The global lithium market’s volatility has significantly impacted Chile’s SQM, the world’s second-largest lithium producer. The company’s third-quarter results reveal the stark reality of current market conditions. SQM posted a net profit of $131.4 million in Q3 2024, marking a dramatic 73% decrease from the $479.4 million earned in the same period last year. Total […]