Chile's SQM profits jump more than ten-fold on lithium price surge
Source: Reuters
Nov 16 (Reuters) - Chilean miner SQM, the world's second largest lithium producer, posted on Wednesday a ten-fold jump in third-quarter net profit, boosted by skyrocketing prices and record high sales of the metal that is a key component in rechargeable batteries.The miner posted a net profit of $1.1 billion for the three months ended September. Quarterly revenue surged more than four times year-on-year to $2.95…
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