off-the-wire

Albemarle posts surprise second-quarter profit

Kitco Media
By Reuters
Published:
Updated:
Reuters
Albemarle posts surprise second-quarter profit teaser image

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)

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