Albemarle, the world’s largest producer of lithium for rechargeable batteries, posted a surprise second-quarter profit on Wednesday, helped by rising demand for the metal.
The Charlotte, North Carolina-based company reported an adjusted profit of 11 cents per share, compared with analysts’ expectations of 82 cents loss per share, according to data compiled by LSEG.
(By Vallari Srivastava; Editing by Alan Barona)