A summary of Canadian minor metals and specialty chemicals producer 5N Plus fiscal results for the first quarter of 2020.
In brief:
5N Plus improved net earnings due to expansion into products with higher value-added content, but revenue was down as a result of relatively lower metal prices for the period. Overall sales volumes were higher year on year. Mandatory plant shutdowns ordered by local governments and low metal prices negatively affected its eco-friendly materials segment, which mainly manufactures and sells refined bismuth and bismuth chemicals,...