Albemarle: lithium prices must rise in order to meet surging demand

Lithium prices must rise to ensure global supplies of the key battery metal meet an expected tripling in demand by 2030, Albemarle CEO Kent Masters said on Thursday.

Lithium prices have dropped more than 80% in the past year, dragging on Albemarle’s results and forcing layoffs.

“We think prices today are unsustainable,” Masters told investors, adding that lithium projects in the West are especially imperiled at current prices. “Incentivizing producers to meet this demand requires long-term pricing at or above investment economics.”

(By Ernest Scheyder)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Albemarle: lithium prices must rise in order to meet surging demand

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio