Albemarle brings in flexible lithium contracts to aid price recovery

By Dalila Ouerghi
Published: Friday, 19 February 2021

New structures to lithium contracts will provide more flexibility to raise prices in response to improving market conditions, United States-based lithium producer Albemarle said during an earnings call on Thursday February 18.

The call followed the release of the company’s full-year and fourth-quarter financial results for 2020.

Eric Norris, the company’s president of lithium operations, said that new contracts would vary between being based on a fixed price or a variable-pricing mechanism.

"I can give you examples of some customers...

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