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SQM Reports Second Quarter Net Income Up 31%

5:29 AM MDT | August 31, 2012

Sociedad Química y Minera (SQM; Santiago, Chile) reported second quarter 2012 net income up 31% from the year-ago quarter, to $192.2 million, due in part to volumes deferred from the first quarter 2012. Sales increased 19%, to $683.3 million. Sales in the lithium and derivatives unit increased 49%, to $65.9 million, “as healthy demand for lithium applications, specifically rechargeable batteries, continues to drive growth.” It also anticipates, says SQM CEO Patricio Contesse.   Sales in the potassium chloride and potassium sulfate...

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