79 days ago • Posted by William Ramstein

Lithium miner Albemarle expects good quarter

Albemarle warned that it expects pricing to be down slightly, and forecast adjusted profit in the range of $3.25 to$3.65 per share for 2021. It earned a profit of $4.12 per share in 2020. In the lithium business, the company's largest, sales fell12.8% in the fourth quarter primarily due to lower contract and market pricing. On an adjusted basis, the Charlotte, North Carolina-based company earned $1.17 per share, beating estimates of $1.10 per share, according to Refinitiv IBES. Source: Yahoo