Albemarle criticises reports of soaring lithium spot prices
Published: Thursday, 18 February 2016
The lithium major described prices quoted in a widely cited piece by the UK’s Economist newspaper, based on a Chinese data provider, as “bad prices”, emphasising that the spot trade in lithium is largely insignificant. Lithium contributed $509m to the company’s annual revenue in 2015, its first full year in the market following its purchase of Rockwood Lithium.
Albemarle Corp., the world’s
largest producer of lithium compounds, has criticised high
lithium spot prices which have gained prominence recently
following an article published in UK newspaper, the
Economist last month.
The figures, sourced through Citi Group, who in turn relied
on data from industry intelligence provider, Asian Metals,