Livent Looks Beyond Short-term Lithium Market Weakness

Livent Corp of Philadelphia, PA has reported a second quarter of 2020 net loss of US$0.02 million on revenue of US$64.9 million compared with a net income of US$15.5 million on revenue of US$114.0 million in the second quarter of 2019. The company says that the results reflect the continuation of difficult market conditions for...

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SQM Expects Higher Lithium Volume to Offset Lower Prices

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported a first half net income of US$95.8 million on revenues of US$850.5 million compared with US$150.7 million on revenues of US$998.4 billion in the first half of 2019. The revenue decrease reflects significantly lower sales in the company’s Lithium and Lithium derivatives...

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Venator Performs Well Despite Severe Headwinds

Venator Materials Plc of the UK has reported a second quarter net loss of US$19 million compared with a net income of US$21 million in the corresponding period of 2019. Revenues declined from US$578 million to US$456 million. Titanium dioxide revenue declined 23% to US$338 million and Performance Additives revenue declined 15% to US$118 million....

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Smart Sand Survives Drop in Drilling Activity

Smart Sand Partners LP of The Woodlands, TX has reported second quarter 2020 revenues of US$26.1 million versus US$47.5 million in the second quarter of 2019. The decrease was primarily attributable to depressed oil prices driven by continued oversupply relative to the decreased demand due to the COVID-19 pandemic. Overall tons of frac sand sold...

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Pandemic Fails to Slow Demand for Deicing Salt

Compass Minerals International Inc of Overland Park, KS reports that its Salt segment generated second quarter 2020 operating earnings of US$29.7 million on sales of US$121.8 million compared with operating earnings of US$14.6 million on sales of US$112.6 million in the second quarter of 2019. Sales volumes increased 9% and average selling prices declined 1%....

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