ALB

Albemarle's quarterly profit drops 45 percent as lithium sales slow

Credit: REUTERS/ERNEST SCHEYDER

Albemarle Corp, the world's largest producer of lithium for electric vehicle batteries, posted a 45 percent drop in second-quarter profit on Wednesday as sales dropped across all its divisions.

Aug 5 (Reuters) - Albemarle Corp ALB.N, the world's largest producer of lithium for electric vehicle batteries, posted a 45 percent drop in second-quarter profit on Wednesday as sales dropped across all its divisions.

The company posted net income of $85.6 million, or 80 cents per share, compared to $154.2 million, or $1.45 per share, in the year-ago quarter.

(Reporting by Ernest Scheyder; Editing by Sandra Maler)

((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder; +1-713-210-8512; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

ALB

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More