Samsung SDI, LG Chem’s lithium demand rises as SQM turns on the taps — Panjiva
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Samsung SDI, LG Chem’s lithium demand rises as SQM turns on the taps

Chile 96 China 2918 Coronavirus 511 Earnings 682 Info Tech - Tech Hardware 739 Japan 575 Materials - Metals/Mining 713 Quote Watch 452 South Korea 553 U.S. 5260

SQM reported a Q2 decline in revenues which included a 38.0% slide in its sales of mined lithium, used in batteries for cars and consumer electronics, in the wake of COVID-19’s impact on global demand and lithium prices. The firm expects “demand in 2020 will be similar to 2019” and it is also “optimistic about the fundamentals” for long term demand. Prices for lithium are expected by SQM to be lower in H2’20 than H1’20 due to increased global supplies. SQM’s exports of lithium increased by 60.3% sequentially in Q2’20 versus Q1’20 including a 44.0% rise in shipments to China and a 96.9% r...

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