Albemarle's lithium sales up 35% year-on-year in Q3 on improved demand, higher prices

November 05, 2021 / www.metalbulletin.com / Article Link

A summary of Albemarle's results for the third quarter of 2021, as stated in the US-headquartered lithium and other specialty chemicals producer's quarterly report published on Wednesday November 3.

In brief

The global lithium producer attributed improved net lithium sales year on year over the quarter to higher volumes sold (30% of the increase) and higher pricing achieved - helped by favorable foreign exchange gains (5% of the increase). The 28.3% year-on-year increase in the adjusted earnings before interest, taxes, depreciation and amortization (Ebidta) over the quarter was primarily due to increased net...

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