Albemarle profit more than doubles on robust lithium demand -Breaking
[ad_1]
© Reuters. FILE PHOTO: An indication on the strategy highway results in Albemarle’s lithium evaporation ponds at its facility in Silver Peak, Nevada, U.S., January 9, 2019. REUTERS/Ernest Scheyder(Reuters) – Albemarle (NYSE:) Corp, one of many world’s largest producers of lithium, mentioned on Wednesday its quarterly revenue greater than doubled as demand rose for the steel utilized in electric-vehicle batteries.
The Charlotte, North Carolina-based firm posted a web revenue of $253.4 million, or $2.15 per share, for the primary quarter ended March 31, in contrast with $95.7 million, or 84 cents per share, a 12 months earlier.
[ad_2]