UPDATE 2-Chile's SQM reports near ten-fold jump in Q2 net profit
Yahoo! Finance
Chile's SQM, one of the world's top lithium miners, reported an almost ten-fold jump in second-quarter net profit late on Wednesday, as demand for the metal used to manufacture electric-vehicle (EV) batteries skyrocketed. The miner's net profit was $859.3 million for the quarter, up from $89.8 million a year earlier, but still slightly below a Refinitiv estimate of $876.41 million. "We believe lithium demand will grow at least 35% this year compared to last year," SQM said in the filing to Chi...
Continue Reading