US steelworkers union lauds bill’s focus on building North American production
The Inflation Reduction Act, as the bill is called, will offer opportunities for union workers, United Steelworkers union said.
Livent profit jumps on rising lithium prices; 2022 forecast raised
Livent’s battery-grade lithium hydroxide monohydrate. Image courtesy of Livent Corp
Lithium producer Livent Corp posted a nearly tenfold jump in quarterly profit on Tuesday, and raised its sales and profit forecast for the year due to rising prices of the electric-vehicle battery metal.
The company reported second-quarter net income of $60 million, or 31 cents per share, compared with $6.5 million, or 4 cents per share, in the year-ago quarter.
Livent announced a supply deal with General Motors Co last week. On Tuesday, Livent said that deal includes a $198 million prepayment from GM, to be made this year.
(By Ernest Scheyder; Editing by Jonathan Oatis)
Mining.com Recommends
Copper nanowire spray effectively destroys covid-19 virus
A new spray that contains copper nanowires or copper-zinc nanowires can kill the virus in just 20 minutes.
Lower grades at Gibraltar mine dent Taseko results
The Canadian miner posted adjusted earnings of C$1.7 million for the three months ended June 30, a 96% drop from Q2 2021.
Barrick Gold boss tells miners to brace for more inflation
Barrick said costs would trend toward the high end, or even slightly exceed, its guidance range.
Comments