Sociedad Quimica Y Minera SA ( (SQM) ) has provided an announcement.
Sociedad Química y Minera de Chile S.A. (SQM) reported a significant decline in revenues and a net loss for the year ending December 31, 2024, with revenues dropping by 39.4% to $4.53 billion and a net loss of $404.4 million compared to a net income of $2.01 billion in the previous year. Despite the financial downturn, SQM achieved record-high sales volumes in lithium and iodine, driven by strong market demand, and continued to expand its production capacity in both Chile and Australia, positioning itself for future growth in the lithium market.
More about Sociedad Quimica Y Minera SA
Sociedad Química y Minera de Chile S.A. (SQM) operates in the chemical and mining industry, focusing on the production and sale of lithium, iodine, and plant nutrients. The company is a key player in the global lithium market, which is essential for electric vehicle batteries and energy storage systems.
YTD Price Performance: 6.44%
Average Trading Volume: 995,322
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.6B
Find detailed analytics on SQM stock on TipRanks’ Stock Analysis page.