November 25, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Sociedad Quimica y Minera (Santiago, Chile), known as SQM, registered a drop of 73% in its net income due to the collapse in global lithium prices.

SQM recorded a net income of US$131 million during the third quarter, about 73% less than during the same period last year and 38% lower compared to Q2.