Albemarle shares surge after quarterly earnings beat

9 articles · Updated · Bloomberg · May 6

The North Carolina-based lithium producer beat expectations as higher prices and stronger sales volumes boosted revenue and profit.
The results suggest Albemarle is beginning to benefit from a lithium market recovery after a prolonged period of oversupply.
Improving demand expectations for electric vehicles and large-scale battery storage are helping support the rebound for one of the world's biggest battery-metal miners.

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