The profit recorded by SQM this year is a drop compared to 2017.
In the third quarter this figure was $ 83.5 million. US dollars, which is a 26% decrease over the same period last year.
"In 2017, we announced a significant expansion of lithium near Antofagast, which will increase our capacity by 50%. Our project is a full-scale refinement project with short-term and low-cost investment, "said Patrick de Salminiak, General Manager of SQM.
As reported earlier, the launch of a fully-fledged plant was far more complicated than expected, This affected our ability to produce high-quality lithium in the third quarter, affecting our sales. "
Income of non-metallic mining company amounts to 543.2 mln. US $, which is 558.7 mln. 2.8% decline in comparison with the US dollar. De Solminihac said that the figures for the fourth quarter could be very similar to what has been obtained.
According to the results of the third quarter profit of the company headed by Julio Ponce Leru amounted to 331 million dollars in January-September. US $, which is $ 317 million registered in the same period of 2017. US dollars.