FILE PHOTO: Brine pools from a lithium mine, that belongs U.S.-based Albemarle Corp, is seen on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018. REUTERS/Ivan Alvarado/File Photo
The company sells most of its lithium on long-term contracts and hence was not affected by global trade tensions and China’s cuts to electric vehicle subsidies in June. Excluding items, the company posted a profit of $1.55 per share, beating analysts’ estimates of $1.44 per share, according to IBES data from Refinitiv.
wow 😃
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