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Albemarle Swings to Revenue, Lowers Spending Amid Extended Lithium Droop

Albemarle (NYSE:ALB), one of many world’s largest lithium producers, is chopping prices and narrowing its capital funding plans because it adjusts to ongoing weak spot in lithium costs, at the same time as demand from electrical car and vitality storage sectors holds up higher than anticipated. The Charlotte-based firm reported a second-quarter revenue of US$22.9 […]