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Albemarle's quarterly profit jumps on rising lithium prices

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Albemarle's quarterly profit jumps on rising lithium prices

May 6, 2026 1:48 PM

May 6 (Reuters) - 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.

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