Albemarle quarterly profit surges on rising lithium prices
ALB•Quarterly profit rises on higher lithium prices
Albemarle, the world's largest producer of lithium for batteries, posted a spike in quarterly profit on Wednesday due to a jump in prices for the ultralight metal.
The company reported second-quarter net income of $480 million, or $3.52 per share, compared to $22.9 million in the year-ago quarter.
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