FMC triples lithium earnings
Published: Wednesday, 03 August 2016
A combination of higher prices, higher sales volumes and lower costs saw the company up its lithium revenues and profit as the sector continues to boom.
US chemicals producer FMC Corp. reported
income of $16.5m from its lithium segment in Q2, more than
three times the $4.6m reported in Q2 2015
The company pointed to a cocktail of higher sales volumes,
higher average prices, improved mix and lower operating costs
as contributing to the uptick....