Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.

Thursday, February 29, 2024 - 22:24:42

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Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.

Wednesday, February 28, 2024 - 22:45:14

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Albemarle, the world’s largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries.

Thursday, February 15, 2024 - 17:12:07

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Albemarle (NYSE: ALB), the world’s largest lithium producer, is said to have laid off more than 300 employees, or 4% of its total workforce, across its US and global operations.

Tuesday, January 30, 2024 - 21:32:41

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Mining News Pro - Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.

Friday, November 24, 2023 - 22:00:45

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Mining News Pro - Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.

Thursday, November 23, 2023 - 22:28:31

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Mining News Pro - Albemarle, the world’s largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal.

Thursday, November 2, 2023 - 22:51:36

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Mining News Pro - Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.

Tuesday, October 3, 2023 - 20:45:24

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Mining News Pro - The CEO of Chilean lithium miner SQM expects prices for the key battery metal to hold steady in the third quarter from the previous one, he said on Thursday, while predicting demand would keep growing.

Thursday, August 17, 2023 - 22:29:42

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Mining News Pro - After complaining last year about surging prices for lithium, a metal used in electric-vehicle batteries, Elon Musk is feeling some relief.

Thursday, July 20, 2023 - 23:53:23

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Mining News Pro - Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery metal and fuel the green energy transition.

Wednesday, January 25, 2023 - 23:34:00

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Mining News Pro - Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery metal and fuel the green energy transition.

Tuesday, January 24, 2023 - 23:17:37

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Mining News Pro - For lithium that change happened in 2018, which, for one, shows just to what extent the EV industry is still in its infancy, and two, just what an impact the additional demand from EVs will have on raw material prices.

Saturday, December 3, 2022 - 10:21:26

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Mining News Pro - Prices of lithium in China are close to a record high as a power crisis in the nation’s major hub for the vital electric-vehicle battery ingredient threatens an already-tight market.

Wednesday, August 24, 2022 - 22:27:06

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Mining News Pro - At the end of May, Goldman Sachs rattled lithium stocks after the investment bank declared the battery metals bull market “over for now”.

Friday, June 10, 2022 - 14:25:08

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Mining News Pro - Chilean miner SQM, a major producer of lithium, on Wednesday reported a near twelve-fold rise in quarterly profit as it benefited from higher prices of the metal used in electric-vehicle batteries.

Friday, May 20, 2022 - 12:43:53

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Mining News Pro - Surging global demand for lithium raw materials has led to a positive outcome during the March Quarter of 2022 for Pilbara Minerals.

Monday, May 2, 2022 - 13:07:45

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Mining News Pro - Surging lithium carbonate and hydroxide prices in China took a breather in April, according to Benchmark Mineral Intelligence, but for chemical processors and battery manufacturers struggling to deal with prices doubling so far in 2022 the lull is unlikely to last.

Thursday, April 21, 2022 - 14:30:18

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Mining News Pro - Lithium is showing signs of losing momentum — at least in China — after a powerful rally that carried prices to what Elon Musk called “insane levels”.

Wednesday, April 13, 2022 - 13:19:08

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Mining News Pro - Lithium prices have jumped across the board over the past year on the back of heavy demand from the automotive sector, but inside China there is a mad scramble, particularly for carbonate.

Thursday, March 17, 2022 - 12:57:20

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Mining News Pro - Albemarle Corp. expects to make more money next year. But with lithium prices at a record, investors were left wanting more.

Thursday, February 17, 2022 - 13:35:13

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Mining News Pro - Lithium prices are continuing their breakneck ascent in China, with surging electric-vehicle sales underpinning a fivefold gain over the past year.

Tuesday, January 25, 2022 - 13:27:02

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Mining News Pro - Lithium has burst into 2022 with a fresh price spike that hands electric-vehicle makers more warning of even sharper cost pressures to come.

Thursday, January 13, 2022 - 12:50:04

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Mining News Pro - SQM, the world’s second largest lithium miner, expects average prices for the battery metal to rise close to 50% in the last three months of the year from the previous quarter, as strong demand for the key ingredient to make electric vehicle batteries continues to put pressure on the market.

Friday, November 19, 2021 - 13:03:16

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Mining News Pro - Lithium prices have rallied in 2021 and are now at record-high levels, amidst the sharp acceleration in demand during a global supply struggle.

Wednesday, November 17, 2021 - 13:07:01

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