U.S. lithium miners Albemarle and Livent are expected to report a rise in quarterly profit this week, but investor focus will likely be on how they plan to navigate the slide in prices for the metal used in electric-vehicle batteries.
But a slump in demand for electric vehicles in China, the world's biggest market, left a stockpile of the metal and drove prices down. Earnings of Albemarle and Livent in the first quarter, however, are expected to reflect"peak spot price conditions" as the producers settled their lithium contracts before the steep fall in prices, according to Seth Goldstein, an analyst at Morningstar.
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