04
Aug
18:45
Albemarle expects lithium revenues to more than double
Lithium giant Albemarle Corporation said Thursday it expects net revenue from lithium sales to more than double this year, with average realised prices increasing 225-250% on-year, Kallanish reports.
The company posted a 91.2% increase in its overall Q2 net sales to $1.47 billion, while net profit slid 4.2% to $406.8 million. The results reflect increased pricing driven by strong demand from diverse end markets, but a particularly strong performance in its lithium…
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Very good overview of the weekly steel market.
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