Big fall in Q1 2020 earnings for SQM

2020/5/28 12:13:50

SQM has big fall in its Q1 2020 earnings due to lower lithium prices caused by Covid-19.

A summary of Chile-based Sociedad Quimiqay Minera's (SQM) financial results for the first quarter of 2020, as stated in its earnings report published on Wednesday May 20.

SQM's reported earnings for the January-March period of 2020 reached $45 million, a 44% slump compared with the first three months of 2019 due to lower average lithium prices and additional headwinds triggered by the Covid-19 pandemic