06:07 AM EDT, 06/26/2024 (MT Newswires) -- Albemarle (ALB) plans to hold more auctions for lithium in an effort to clarify how the battery metal is priced, Reuters reported late Tuesday, citing Eric Norris, head of the lithium producer's energy storage unit.

Auction data will be shared with Fastmarkets and other pricing agencies to provide publicly available prices, as well as to boost the use of hedging and other derivative contracts, the report quoted Norris as saying on the sidelines of a conference in Las Vegas.

Albemarle did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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