Albemarle quarterly profit surges on rising lithium prices
05/08/2026 21:41
Albemarle quarterly profit surges on rising lithium prices By Ernest Scheyder
Aug 5 (Reuters) - Albemarle ALB.N, 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.
(Reporting by Ernest Scheyder; Editing by Nia Williams)
((ernest.scheyder@thomsonreuters.com; X: @ErnestScheyder; +1-469-691-7667; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))
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