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178,000tpa of spodumene concentrate production (5.5% Li2O)14-year mine lifeAfter-tax NPV8 of US$1.3B; IRR of 40%All-in operating costs of $444/t SC5.5 .
Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for electric vehicle batteries drags on prices.
This brought a loss of $3.04 per share, well below the $0.74 profit expected by analysts polled by LSEG, while revenues more than halved to $1.09-billion over January to March, below analysts' $1.13-billion forecast.