Albemarle, the world’s largest producer of lithium, said on Wednesday its quarterly profit jumped more than six-fold due to rising prices and sales of the battery metal.The Charlotte, North Carolina-based company posted a first-quarter net income of $319.1 million, or $2.34 per share, compared to $49.3 million, or break-even per share, in the year-ago quarter.(By Ernest Scheyder; Editing by Chris Reese)

Reuters

Albemarle’s quarterly profit jumps on rising lithium prices

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off-the-wire

Albemarle’s quarterly profit jumps on rising lithium prices

By Reuters

Reuters

Reuters

Bank of France sells its 129-tonne US gold reserve, then buys it back in Europe for tidy $15 billion profit

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‘Gold will become the primary alternative’ to the U.S. dollar, price still headed above $6,000/oz – Gabelli’s Mancini

The push and pull of central bank gold: China buys 5 tonnes and Turkey monetizes 118 tonnes in March

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