Argentine crop chemical producer FMC has seen its quarterly revenue rise amid higher lithium prices and expansion in China . The company 's total revenue rose 42.3 % to $ 979.6 m in Q4 of 2017 , while revenue in its lithium business soared 60 % to $ 113 m from a year earlier . quarterly profit topped analysts’ estimates on Monday, as income in the company’s lithium business doubled on expansion in China and higher prices. It said it would seek to double yearly lithium production to 40,000 metric tonnes in Argentina by 2022 , three years later than its initial target . It also reiterated plans to publicly list FMC Lithium to create two separate companies later this year .
Argentine crop chemical producer FMC has seen its quarterly revenue rise amid higher lithium prices and expansion in China . The company 's total revenue rose 42.3 % to $ 979.6 m in Q4 of 2017 , while revenue in its lithium business soared 60 % to $ 113 m from a year earlier . It said it would seek to double yearly lithium production to 40,000 metric tonnes in Argentina by 2022 , three years later than its initial target . It also reiterated plans to publicly list FMC Lithium to create two separate companies later this year .