DIRS.INFO The most relevant business & tech news

☆ Albemarle cuts annual forecast on slumping lithium prices
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A lithium evaporation pond is seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsNov 1 (Reuters) - Albemarle (ALB.N), the world's largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal. That is reflected in lithium prices, which have tumbled more than 60% this year. Albemarle reported third-quarter net income of $302.5 million, or $2.57 per share, compared to $897.2 million, or $7.61 per share, in the year-ago period. For the year, the company trimmed its net sales forecast to a range of $9.5 billion to $9.8 billion.

Persons: Carlos Barria, Albemarle, Hancock, Gina Rinehart, Ernest Scheyder, Chris Reese, David Gregorio Our Organizations: REUTERS, Liontown Resources, Thomson Locations: Albemarle, Silver, , Nevada, U.S, Charlotte, North Carolina, Argentina

☆ Lower prices, oversupply to weigh on lithium miners
▼ + stars: | 2023-10-30 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high stockpiles and sent prices of the metal tumbling down. The Chinese spot battery grade lithium carbonate prices, fell around 45% to 165,000 Chinese Yuan ($22,561.63) per tonne during the July-September quarter. Reuters GraphicsAnalysts also flagged additional supplies from new projects coming online to further weigh on lithium prices. Albemarle is expected to report quarterly results on Wednesday, while smaller rival Livent is scheduled for Tuesday. ($1 = 7.3133 Chinese yuan renminbi)Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, Raymond James, Pavel Molchanov, Overcapacity, Jefferies, Laurence Alexander, Piper Sandler, Charles Neivert, Kyle Winborne, Arunima Kumar, Krishna Chandra Organizations: REUTERS, Albemarle Corp, EV, Reuters, Reuters Graphics, Thomson Locations: Albemarle, Antofagasta region, Chile, oversupplied, China, Livent, Bengaluru

☆ Albemarle jumps into global race to reinvent lithium production
▼ + stars: | 2023-08-03 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +2 min

[1/3] A sign at the approach road leads to Albemarle's lithium evaporation ponds at its facility in Silver Peak, Nevada, U.S., January 9, 2019. Already the world's largest lithium producer, a successful move into the DLE sector would likely cement Albemarle's dominance in the fast-growing industry amid the push to electrify the global economy. DLE technologies vary, but they each aim to roughly double lithium extraction rates from brine deposits compared to traditional evaporation ponds. No DLE technology has reached commercial production without the use of those ponds, though, sparking a global race to be the first. If the tests are successful, the company could essentially bolt on DLE equipment to its bromine operations.

Persons: Ernest Scheyder, Kent Masters, Albemarle, Masters, Nick Zieminski Organizations: REUTERS, Reuters, Chevron, Exxon Mobil, General Motors, Ford, Tetra Technologies, Thomson Locations: Silver, , Nevada, U.S, Albemarle, Arkansas

May 4 (Reuters) - Albemarle Corp (ALB.N) is open to renegotiating its Chile lithium contract before 2043 and would seek access to even more of the country's vast reserves of the metal used to make electric vehicle batteries, CEO Kent Masters told Reuters on Thursday. Albemarle and SQM's contracts only grant access to the Atacama salt flats, or salars, but Boric hopes to open up many other salars across his country for lithium production, a step that will require DLE technologies. Many DLE technologies use lots of potable water and electricity, a limitation that Albemarle has acknowledged and one it is working to limit. Chile and Albemarle could cement their dominant role in the global lithium and EV industries if they can get one or more DLE technology to succeed. Masters declined to comment on Australian lithium developer's Liontown Resources Ltd (LTR.AX) rejection in March of Albemarle's $3.7 billion takeover bid.

Jan 24 (Reuters) - Albemarle Corp (ALB.N) on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery metal and fuel the green energy transition. Lithium prices have more than doubled in the past year and are up nearly ninefold in the past three years, according to an index tracked by Benchmark Mineral Intelligence. For 2023, Albemarle expects the price it receives for its lithium to jump 40% over 2022 levels. That should dip this year, due to rising costs for lithium chloride and spodumene ore - both key feedstocks - though the company expects lithium margins to eventually stabilize around 45%. Norris, a longtime lithium industry executive, repeatedly stressed during a nearly two-hour presentation that Albemarle will produce lithium when its customers need the metal.

WASHINGTON, Jan 4 (Reuters) - Albert Gore III, a former Tesla public policy employee, has been named executive director of the Zero Emission Transportation Association (ZETA), the Washington-based group said on Wednesday. Congress in 2021 approved $5 billion for EV charging stations and in August passed new electric vehicle tax credits. "Lots of work ahead, starting with implementation of the National Electric Vehicle Infrastructure Program and new industrial policies in the Inflation Reduction Act," said Gore in a LinkedIn post. Gore worked for Tesla for nearly seven years in public policy and business development. The IRA lifts the 200,000-vehicle per manufacturer cap that had made Tesla and General Motors (GM.N) ineligible for EV tax credits.

☆ Albemarle's lithium sales surge amid rapid EV market growth
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

The results and forecast reflected a bullish outlook for the electric vehicle industry despite recent macroeconomic concerns and warnings of market softness from some rivals. Lithium sales more than quadrupled to $1.5 billion on higher prices and the opening of new processing plants. The company trimmed its 2022 sales forecast at the high end to $7.4 billion from $7.5 billion due to the weak bromine sales. Albemarle received a $149.7 million grant from U.S. officials last month to build a lithium processing facility in North Carolina. Charlotte, North Carolina-based Albemarle plans to hold a Thursday conference call with investors to discuss the quarterly results.

A sacks of lithium carbonate is seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. The European Commission is weighing a proposal by the European Chemicals Agency (ECHA) that would classify lithium carbonate, chloride and hydroxide as dangerous for human health. Albemarle has been lobbying against the proposed rules, but believes that they're likely to be approved, Kent Masters, Albemarle's CEO, said in an interview. Albemarle had warned earlier this year that the regulations might force it to close a processing plant in Germany. Europe produces very little lithium and must import the metal to processing facilities such as Albemarle's.

☆ Молдова завоевала 11 медалей за игристые вина на Effervescents du Monde - 2020
▼ + stars: | 2020-12-24 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Республика Молдова завоевала 11 медалей - одну золотую и 10 серебряных - в 18-м выпуске важнейшего конкурса Effervescents du Monde, посвященного игристым винам. Они получили 10 (3 золотые, 7 серебряных медалей) и 9 наград соответственно, сообщает unimedia.info. Золотая медаль досталась винодельне Крикова за игристое вино Pinot Noir Extra Brut Alb. На конкурсе было вручено 35 золотых и 115 серебряных медалей. Республика Молдова участвует в конкурсе третий год подряд, и в 2019 году молдавские игристые вина были удостоены золотой и 8 серебряных медалей.

Persons: Consalcom, Spumant, Vin Spumant, Vin, Крикова, Пуркары, Пуркары) (Пуркары Organizations: Национальное бюро винограда Locations: Moldova, Bolle, Glera, Республика Молдова, Италия, Испания, Бургундия, Франция, Пуркар, Малых Милешт, Молдова

„Effervescents du Monde” s-a desfășurat în perioada 15-18 decembrie 2020 în regiunea viticolă Burgundia din Franța. Medalia de aur i-a revenit vinăriei Cricova pentru spumantul „Pinot Noir Extra Brut Alb”. În total, la „Effervescents du Monde - 2020” au participat 19 țări, cu 479 mostre de vin, apreciate de peste 80 de experți francezi, dar și din alte state ale lumii. În cadrul concursului au fost oferite 35 de medalii de aur și 115 de argint. Republica Moldova a participat pentru al treilea an consecutiv la competiție, iar în 2019, spumantele moldoveneşti au fost premiate cu o medalie de aur și 8 de argint, după ce în 2018 au atins un record de 12 medalii (2 – aur, 10 - argint).

Persons: Demi Organizations: Pinot, Gold, Alb, Oficiul, Viei Locations: Burgundia, Franța, Cricova, Purcari, Mileștii Mici, Maurt, Cricova ), Brut, Purcari ), Alba Brut, Moldova, Lux, Mileștii, Republica Moldova, Vinului, moldoveneşti

Search resuls for: "- Alb"

10 mentions found