Albemarle Quarterly Profit Beats Expectations; Lithium Price Rise Drives Performance
Albemarle's quarterly profit beat expectations due to rising lithium prices.
Albemarle's quarterly profit beat expectations due to rising lithium prices.
Jinyinhe announced that its controlling subsidiary Jiangxi Jinde Lithium New Energy Technology Co., Ltd. won the exploration right for the Jiaokeng tin polymetallic deposit in Yudu County, Jiangxi Province, for 25.01 million yuan.
Sigma Lithium announced Q2 production exceeded guidance by 6%, delivering 35,000 tonnes of high-grade lithium concentrate.
Energy storage demand surge and the power battery market's 'troika' are driving strong H2 production expectations; August lithium battery output scheduling is up 7%-8% month-on-month.
Germany's federal government and two states provide EUR 103.6 million in funding for Vulcan Energy's lithium project.
OGDC and Pinstech sign an agreement to jointly advance lithium production in Pakistan.
Lithium salt prices edged down slightly during the week, while cell and system prices remained stable.
Wanhua Chemical has entered the lithium iron phosphate (LFP) industry, with new capacity of 820,000 tonnes in 2026, and total capacity expected to exceed 1 million tonnes.
Shida Shenghua will invest in three lithium battery materials projects, adding new lithium salt and additive capacity.
POSCO Holdings' lithium business turned profitable for the first time in eight years, with sales volume up 2.6-fold and revenue up 3.9-fold.
Shengxin Lithium Energy's share price rose as the company disclosed progress in its lithium salt and solid-state battery operations.
Wildcat targets 4.5 Mt/y throughput and up to 565,000 t/y spodumene concentrate at Tabba Tabba, with rapid construction planned.
Inventories drew down by 22,000 tonnes in July and are expected to draw down by 18,000 tonnes in August; lithium price support is at RMB 120,000 per tonne.
The U.S. Department of Defense canceled its tender to purchase lithium for the strategic reserve.
Energy industry imports and exports are facing policy adjustments, including the full removal of export tax rebates for battery products.
On August 4, Global Lithium announced that its Manna lithium project in Western Australia has been approved for development.
Shida Shenghua plans to invest RMB 2.805 billion in three projects: 230,000 t/y liquid lithium salt, 12,000 t/y additives, and 200,000 t/y electrolyte.
VC additive prices rose more than 60% in a month, with the supply-demand gap widening.