Albemarle (NYSE: ALB), the world’s largest producer of lithium for batteries, posted a spike in quarterly profit on Wednesday due to a jump in prices for the ultralight metal.
The company reported second-quarter net income of $480 million, or $3.52 per share, compared to $22.9 million in the year-ago quarter.
(Reporting by Ernest Scheyder; Editing by Nia Williams)
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