Albemarle’s Q2 lithium sales up as bromine falls

By Myles McCormick
Published: Thursday, 04 August 2016

Lithium sales rose 24% while bromine dropped by 8%. Overall sales were down 7%, meanwhile, on the back of various business unit divestitures. The company aims to continue to focus on expansion in the lithium market, with bromine proceeds being used to support this end.

US chemicals producer Albemarle Corp. reported lithium net sales of $157.7m for Q2 2016, an increase of 24% from the equivalent period in 2015 and 15% from the previous quarter.

Adjusted EBITDA* from lithium was $64.15m meanwhile, a rise of 20% year-on-year (y-o-y). Net income was $42.1m.

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