Albemarle’s Q2 lithium sales up as bromine falls
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
Adjusted EBITDA* from lithium was $64.15m
meanwhile, a rise of 20% year-on-year (y-o-y). Net income was