SQM’s First Quarter Net Income Soars on Significantly Higher Lithium Prices

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported a first quarter net income of US$796.1 million on revenues of US$2.02 billion up from US$68.0 million on revenues of US$528.5 million in the corresponding period of 2021. Ricardo Ramos, SQM’s CEO, stated, “Our first quarter results reflect several positive circumstances, first, the […]

Compass Minerals Battles Inflationary Pressures with Higher Prices

Compass Minerals International Inc of Overland Park, KS has reported a fiscal second quarter 2022 net loss of US$12.1 million on revenue of US$448.5 million versus a net loss of US$214.4 million on revenue of US$425.5 million in the first quarter of 2021. Kevin Crutchfield, Compass’ CEO, said, “Compass Minerals delivered year-over-year revenue growth during the […]

Intrepid Potash Boosted in 2021 by Higher Prices and Demand Strength

Intrepid Potash Inc of Denver, CO has reported a 2021 net income of US$249.8 million on revenue of US$270.3 million compared with a net loss of US$27.2 million on revenue of US$197.0 million in 2020. In the company’s fourth quarter, net income rose to US$224 million on revenue of US$71.8 million from a loss of US$711,000 […]

SQM Boosted by Higher Prices for Lithium, Potash

Sociedad Quimica y Minera de Chile SA (SQM) of Santiago, Chile has reported third quarter net income of US$106.1 million on revenues of US$661.6 million up from US$1.7 million on revenues of US$452.9 million in the corresponding quarter of 2020. The revenue increase reflects higher sales in all of the company’s businesses led by Lithium and […]

Compass Sells South American Business to ICL

Compass Minerals International Inc of Overland Park, KS has entered into a definitive agreement to sell its South America specialty plant nutrition business to ICL Brasil Ltda, a subsidiary of the ICL Group of Israel. The agreement provides for total potential gross cash proceeds of approximately US$418 million. Raviv Zoller, ICL’s CEO, said, “ICL is […]