Albemarle Says Startups, New Resources on Lithium M&A Radar
By Jack Kaskey
(Bloomberg) -- Albemarle looking to acquire viable lithium resources with best return on investment, CEO Luke Kissam says during 1Q earnings conference call.
* Evaluating “Wave 2” lithium resources for startup after
2021
* Sees lithium adjusted Ebitda rising more than 35% this year;
rose 56% in 1Q
* Sees 2017 lithium adj. margins more than 40%; was 46% in 1Q
* ALB up as much as 4.7% to an intraday record after boosting
2017 adj. EPS forecast to above Street estimate
Jack Kaskey in Houston at [email protected] To contact the editor responsible for this story:
Brendan Case at [email protected]
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