Arcadium Lithium quarterly profit drops 5% amid lithium price slide-February 2024-www.financetom.com

Arcadium Lithium quarterly profit drops 5% amid lithium price slide

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Arcadium Lithium quarterly profit drops 5% amid lithium price slide

Aug 6, 2024 1:24 PM

Aug 6 (Reuters) - Arcadium Lithium ( ARLTF ) posted a 5%

drop in quarterly profit on Tuesday on sliding prices for the

metal used to make electric vehicle batteries and said it would

expand its cost cutting plans for the year.

The company posted second-quarter net income of $85.7

million, or 7 cents per share, compared to $90.2 million, or 18

cents per share, in the year-ago quarter.

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