The reduced revenue came after three consecutive years of growth in earnings, and in large part reflected the effects of production challenges and to a lesser extent the consequences of reduced prices for some of its metal products, the company said in a conference call on Wednesday May 1.
The production challenges related to large-scale production of materials such as semiconductors. Demand for these has increased and 5Nplus is going through a production ramp-up too meet this, and to accommodate new technological requirements for various industries, included aerospace.
The prices of bismuth, indium and gallium entered 2019 at multi-year lows
due to oversupply, trade concerns and slow downstream demand.