SQM Q1 Net Income More Than Doubles on Stronger Lithium Prices, But Falls Short of Analyst Forecasts
Chilean lithium producer SQM reported first-quarter net income of $365 million, up from $138 million a year earlier, driven by sharply higher realized lithium prices and increased sales volumes. Revenue rose to $1.76 billion, topping analyst estimates, but net profit missed Reuters/LSEG expectations of $426 million. The company raised its expected …