Ferroglobe Sales Driven by Volume and Price

Ferroglobe plc of London, England has posted an adjusted third quarter net loss of US$5.0 million on net sales of US$451.6 million compared with a net loss of US$28.5 million on sales of US$365 million in the corresponding period of 2016. The company says that the results exceeded expectations with the strong performance driven by...

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SQM Expects Lithium Demand Growth will Exceed 14% in 2017

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported third quarter net income of US$112.9 million on revenues of US$558.7 million up from US$55.8 million on revenues of US$504.0 million in the corresponding quarter of 2016. Revenue growth was up in all of company’s businesses with the exception of the Potassium...

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PotashCorp Eyes Another Record Year in 2018

Potash Corp of Saskatchewan Inc (PotashCorp) of Saskatoon, SK has reported third quarter net income of US$53 million on sales of US$1.2 billion compared with US$81 million on sales of US$1.1 billion in the same period of 2016. PotashCorp’s Potash segment’s third quarter net sales were US$510 million versus US$380 million in the prior year...

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K+S Buoyed by Initial Bethune Potash Shipments

K+S AG of Germany has reported third quarter EBITDA of €77 million (US$91.3 million) on revenues of €727 million (US$862 million), increases of 37% and 6% respectively from the third quarter of 2016. Enhanced product availability of specialties and higher fertilizer prices contributed to the increase in earnings. K+S’s Potash and Magnesium products business unit...

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Texas Rare Earth Signs Round Top MOU

Texas Rare Earth Resources Corp (TRER) of Sierra Blanca, TX has signed a memorandum of understanding (MOU) with an investor group for a US$6 million equity funding of a newly-formed Round Top Minerals entity. Under the terms of the MOU, the investor group is granted up to a 180 day due diligence period in order...

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