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 - 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 - 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 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 - 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 - 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 miner Orocobre said on Tuesday that sales during the March quarter had reached 3,032 tonnes at a price of $5,853 per tonne free-on-board (FOB), with pricing up more than 50% compared with the December 2020 quarter.

Wednesday, April 14, 2021 - 7:13:10 PM

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Mining News Pro - Domestic Chinese battery-grade lithium carbonate prices assessed by Benchmark Mineral Intelligence are on a tear in 2021 after bottoming out in the second half of last year, following a lengthy slump.

Thursday, March 4, 2021 - 11:19:53 PM

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Mining News Pro - Global supplies of lithium used to make electric vehicle (EV) batteries will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, an executive at industry leader Albemarle Corp said on Tuesday.

Thursday, January 14, 2021 - 1:35:06 AM

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Mining News Pro - Lithium prices are showing promise of breaking a downward spell that has spanned almost three year after rising for the first time this year, according to Benchmark Mineral Intelligence.

Monday, January 11, 2021 - 12:13:33 PM

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Mining News Pro - Prices for lithium, one of the key ingredients for the batteries that power electric vehicles (EVs) and high tech devices, are expected to climb in two years, when shortages in the market caused by curtailed production and halted expansions start to emerge.

Friday, May 29, 2020 - 5:22:27 PM

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Mining News Pro - Albemarle, the world’s largest lithium producer, reported a lower-than-expected quarterly profit on Wednesday and forecast a double-digit drop in 2020 earnings on weak prices for the battery metal.

Thursday, February 20, 2020 - 4:23:36 PM

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Mining News Pro - Private equity groups and other investors have grown emboldened by the lithium industry’s malaise, forging plans to invest billions of dollars in mining projects to develop the electric vehicle battery metal.

Sunday, November 24, 2019 - 10:21:28 AM

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Mining News Pro - SANTIAGO – Chilean lithium miner SQM said it forecast lithium prices dropping as much as 10% in the second half of the year compared to the first but stressed it saw no problems with potential water restrictions in the Atacama salt flat where it operates.

Monday, August 27, 2018 - 8:05:30 PM

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