Albemarle (NYSE: ALB), the world’s largest producer of lithium for batteries, posted a spike in quarterly profit on Wednesday due to a jump in prices for the ultralight metal.
The company reported second-quarter net income of $480 million, or $3.52 per share, compared to $22.9 million in the year-ago quarter.
(Reporting by Ernest Scheyder; Editing by Nia Williams)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
The higher the yen rises, the more retail investors short! 3.61 trillion yen short bets defy the trend, triggering a short squeeze warning
Even though the yen has reached its highest level in months, Japanese retail investors continue to bet that its sharp rebound will come to an end, and are consistently increasing their short positions.
EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation
Abraxas Capital hedges $353M ETH short with $32M buy – Here’s why
Pons propels Robinhood Chain fees to record $6 million in daily fees as DEX volume doubles
