Page 27 - Codelco News Today

Chile’s Codelco, the world’s top copper producer, plans to invest an additional $720 million revamping its century-old Chuquicamata copper mine, in an […]

Copper prices remain in the midst of a lot of volatility. With car companies cutting EV production, will the supercycle actually happen?

Copper prices remain stagnant amidst a slowdown in the EV market and challenges in the renewable sector, casting doubt on previous supercycle narratives.

Goldman Sachs report tallied 28 distinct lithium mining projects employing DLE technologies worldwide

A newly-developed lithium extraction technology promises to fix lithium mining, but analysts are cautiously optimistic.

Share price went down 8% on Thursday following the quarterly report

Operator: Good day, and welcome to the SQM Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

SQM Lithium: Revenue for the miner reached USD 1.84 billion during the July to September period, down 37.8% from last year and slightly below the LSEG estimate of USD 1.9 billion.

SQM has “seen some softening of demand outside China”, an executive said, though the company held its forecast for global demand to rise 20 per cent this year.

The worlds largest lithium producing company missed earnings expectations by a wide margin, with YOY revenue dropping more than 50%.