FMC to lift lithium prices 10% across the board
TORONTO (miningweekly.com) – Diversified firm FMC Corporation on Tuesday announced a 10% increase, effective from December 1, or as contracts permitted, to the global pricing for all grades of lithium carbonate and lithium salts, including lithium hydroxide, pharmaceutical carbonate and speciality salts.
The Philadelphia-based firm said the increases would apply to all standard and nonstandard pricing.
"The increases are necessary to offset continued rising costs of raw materials and operational cost pressures at our Argentina facility,” FMC Lithium global marketing director Chris Senyk said.
The increases followed the lithium hydroxide increase announced in May.
Senyk added that these increases would help the company ensure continued investment in its operations and support the supply service expectations of its global customers.
FMC’s minerals business segment reported an 11% rise in revenue for the September quarter, while segment earnings for the period came in 42% higher year-on-year at $39.2-million.
Third-quarter revenue in lithium was up 19%, driven by sustained higher production rates, versus 2013, resulting in higher sales.
Excluding special items, adjusted earnings were $0.95 a diluted share, an increase of 16% when compared with the same period a year earlier.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation