RIO DE JANEIRO, BRAZIL - SQM said it had sold 17,700 tonnes of lithium in the third quarter, up 56% from the same period the previous year.
The company said in a statement announcing its quarterly results that it would likely sell 30% more lithium in 2020 than in 2019, and promised a similar jump in sales in 2021.
Lithium miners boosted output last year in anticipation of a demand rush from carmakers going into 2020, but the COVID-19 pandemic slammed the brakes on the electric vehicle revolution, denting profits and forcing many companies to shelve expansion plans.
SQM . . .