Lithium miner Albemarle expects full-year profit to be higher than expected

SMM11, March 11: lithium miner Albemarle recently predicted that full-year profits will be higher than expected, but due to the global impact of the novel coronavirus epidemic, resulting in a reduction in global economic activity, the company's annual performance will be curbed.

The company said it expected full-year net sales to be between $3.5 billion and $3.15 billion, with adjusted annual earnings of between $3.80 and $4.15 per share. Analysts expect $3.52 a share, according to Refinitiv IBES.

In May, the company withdrew its outlook for 2020, citing the impact of the outbreak.