Chile's SQM reports near ten-fold jump in Q2 net profit
Chile's SQM, one of the world's top lithium miners, reported an almost ten-fold jump in second-quarter net profit late on Wednesday, as demand for the metal used to manufacture electric-vehicle (EV) batteries skyrocketed.
The miner's net profit was $859.3-million for the quarter, up from $89.8-million a year earlier, but still slightly below a Refinitiv estimate of $876.41-million.