02
Mar
17:50
SQM net profit quadruples in 2022 on strong lithium prices
Chilean lithium producer SQM reported net profits of $3.90 billion in 2022 compared to $855 million a year earlier, thanks to surging lithium prices and higher sales volumes, Kallanish reports.
The company’s total revenues rose 247% on-year to $10.71 billion. Lithium and derivatives accounted for $8.15 billion of total revenue, increasing 770.9% on-year.
As the miner continues its expansion strategy both at home and abroad, lithium sales volumes i…
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