Good Times Are Ahead for Lithium Miners as Prices Continue to Surge
Prices for the metal soared 130% this year after a nearly fourfold jump in 2021
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Good times are ahead for producers of lithium, the battery material that’s key to the electrification of transportation.
Albemarle Corp., the world’s No. 1 miner of the silvery, white metal, boosted profit forecasts for the year as lithium prices soar due to demand from electric vehicles. The third biggest miner, Livent Corp., did the same.