Albemarle held their second quarter 2018 earnings call this morning which was unsurprisingly mostly focused on the lithium business. Below are the lithium related comments from the call.
Highlights from prepared remarks:
- Lithium growth continues to be driven by accelerated demand for EVs. 2017 sales of plug in and pure EVs were up 56% yoy. First half of 2018 up 90% vs prior year.
- Major cathode and battery manufacturers have reported yoy sales growth of 21-25%.
- "Our customers and our customers' customers continue to invest for future growth in a manner that is consistent with the ALB demand model"
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