Forget all you troubles re DRC as China is looking on and will step in no doubt to protect their supply
and to make matters feel better here is some good news for you lithium buff's
(Reuters) - Albemarle Corp, the world’s largest producer of lithium, said on Tuesday that its quarterly profit nearly tripled as sales and selling prices surged for the mineral used to make electric car batteries.
The chemicals company posted second-quarter net income of $302.5 million, or $2.73 per share, compared to $103.3 million, or 92 cents per share, in the year-ago quarter.
For the full year, Albemarle raised its revenue forecast to a range of $3.3 billion to $3.5 billion, in what would be at least a 7 percent increase over 2017.
PSC Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
