SMM11 March 11: recently, lithium miner Albemarle released its third quarterly report. During the reporting period, Albemarle net income was $98 million, down 36.6% from a year earlier, and net sales were $747 million, down 15%, in line with expectations for the third quarter of 2020. The company expects net sales of $3.15 billion to $3.5 billion in 2020.
Net sales of lithium fell by $64.7 million to $265.6 million, mainly due to lower contract and market prices.
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