SQM: Lithium Market, Prices Continue to Exceed Expectations

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported a first quarter net income of US$113.8 million on revenues of US$518.7 million up from US$103.25 million on revenues of US$518.6 million in the corresponding period of 2017. Patricio de Solminihac, SQM’s CEO, said, “Our results for the first three months of...

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Nemaska Enters Financing and Supply Agreements

Nemaska Lithium Inc of Quebec City, QC has entered into an agreement with National Bank Financial Inc, BMO Capital Markets and Cantor Fitzgerald Canada Corp, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase on a bought deal basis 280 million Nemaska...

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Ferroglobe Profitable as Demand Improves

Ferroglobe plc of London, England has announced a first quarter net profit of US$35.6 million on sales of US$560.7 million compared with a net loss of US$8.1 million on revenue of US$388.2 million in the first quarter of 2017. Selling prices for the company’s key products continued to improve and it saw solid demand across...

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Fairmount Santrol and Unimin will Become Covia

Fairmount Santrol of Chesterland, OH and Unimin Corp of New Canaan, CT announce that they have received the regulatory approvals required to complete their previously announced merger, including approval from the Mexican Federal Economic Competition Commission. The companies have also announced the approval by a majority of Fairmount Santrol shareholders at a special shareholder meeting...

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Black Mountain Expands into Eagle Ford Shale

Black Mountain Sand LLC of Fort Worth, TX has announced an expansion into the Eagle Ford shale with the acquisition of 2,300 acres in Atascosa County. The company will begin immediate construction on its third Texas sand mine with delivery of its first commercial tons by the end of this year. Once in full operation,...

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