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SQM's Earnings and Sales Increase; Lithium Market Strong

3:21 PM MDT | May 30, 2012 | Lindsay Frost

SQM’s first quarter 2012 net earnings grew 35% year-on-year, to $150 million. Adjusted earnings, excluding taxes, increased 35% year-on-year, to $204 million. The company’s net sales grew 10%, to $530 million. “We are very pleased with our first quarter earnings results,” says Patricio Contesse, CEO of SQM. “Iodine and lithium markets continue to be strong and in line with expectations in both demand and pricing. Fertilizer market volumes followed the trend we saw during the fourth quarter of 2011, and in recent weeks we have started...

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