Albemarle, the world's largest lithium producer, expresses concerns about current low lithium prices used in electric vehicle batteries. Despite the low prices, Albemarle believes in strong long-term demand for lithium. Executive Eric Norris highlights the challenges of investing in new plants due to the low prices and advocates for premium pricing for U.S.-produced lithium. The company plans more global lithium auctions to enhance price transparency and stabilize supply contracts with automakers.
Revolt Against the China Price: Albemarle executive argues for a premium for lithium produced in the U.S. https://t.co/VWqGzOFOL0 From @stevelevine
$ALB (+2.8% pre) Albemarle plans more lithium auctions to boost market transparency - inv https://t.co/aFbeX9O6VU
Albemarle $ALB, the world's largest lithium producer, plans more global lithium auctions to boost price transparency and stabilize supply contracts with automakers. Despite recent lithium price drops, Albemarle will still focus on internal investments and believes in strong…
Lithium’s Low Price Can’t Support Spending on New Plants, Albemarle Says https://t.co/kylAclWzdr
Lithium’s low price doesn’t justify new investments in plants for the battery metal, says a top Albemarle executive. https://t.co/vjgrmRntzN
Albemarle concerned about lithium prices, but sees strong long-term demand https://t.co/4GZiyVIxSx
$ALB -3.33%, as the specialty chemicals manufacturer hovers near y'day's 52-week and 3-yr lows as Albemarle Exec Eric Norris speaks, not sure it was a great idea, take a look, Norris: -lithium 'prices at these levels are concerning' -investors should not be putting money into…
🔵 ALBEMARLE CONCERNED ABOUT LITHIUM PRICES, BUT SEES STRONG LONG-TERM DEMAND Albemarle, the world's largest lithium producer, is concerned about current prices for the metal used to make electric vehicle batteries but believes long-term demand will remain strong, an executive… https://t.co/UKiZLhSpzr