Weekly News Roundup

All the latest and greatest news from this past week on Lithium found here!

  • The biggest news from this past week was the JV between Mazda and Toyota of which one of the areas of focus is Electric Cars.  More on this here:
  • FMC, one of the companies that makes up the current Lithium Oligopoly, announced earnings this past week.  Some highlights include:
    • “Supply / demand dynamics indicate price increases are likely in 2018 and 2019
    • They plan to spinoff their Lithium business (more on this to come for us).  
    • FMC Lithium revenue increased by 17%
    • Their outlook for their Lithium business for the full year ahead was increased by 33%!  
  • Benchmark Minerals agreed to a deal with Bloomberg whereby Lithium prices would start being quoted on their platform.
  • ALB announced earnings today (Monday, August 7th).  Here are a few highlights:
    • Lithium and Advanced Materials reported net sales of $317.9 million in the second quarter of 2017, an increase of 36.2% from second quarter 2016 net sales of $233.4 million.
    • Adjusted EBITDA for Lithium and Advanced Materials was $132.5 million, an increase of 60.3% from second quarter 2016 results of $82.7 million.
    • The stock is down after hours, but we believe any pullback will be a buying opportunity.
  • In case you missed it, The Lithium Spot did an in depth interview with Professor Benjamin Cole on Joint Venture agreements as they relate to the Lithium industry. Article found here!

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