Hey kids! Did you know lithium is a super important ingredient in many things, including batteries for phones and electric cars? A big company that makes lithium, SQM, just announced its earnings. It's a bit complicated, but here's the simple version.
- SQM makes lots of lithium, but prices dropped a lot recently.
- Their profits went down because even though they sold more, the price of lithium was much lower.
- They expect prices to stay low for a while.
| Fact | Number |
|---|---|
| Profit drop (Q4 2023 vs Q4 2022) | 40.9% |
| Lithium price drop (in two years) | More than 80% |
| Expected sales volume increase (2024) | 15% |
