SQM Income Off on Lower K Volumes, Lithium Prices

SQM reported decreased income in 2019 citing lower potash volumes and weaker lithium prices. Fourth-quarter net income was $66.9 million revenues of $472.2 million, down from $108.6 million and $565.2 million, while full-year income was $278.1 million on revenues of $1.94 billion versus 2018’s $439.8 million and $2.26 billion, respectively.