Albemarle criticises reports of soaring lithium spot prices

By Myles McCormick
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, were...

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