BUZZ-Lithium miner Albemarle rises after reporting quarterly profit

Reuters
14 Feb
BUZZ-Lithium miner Albemarle rises after reporting quarterly profit

** Shares of lithium miner Albemarle ALB.N up 1% at $77.32

** ALB reports a profit in Q4 compared to a loss last year, as cost-cutting measures helped offset lower prices

** Company reports Q4 net income of $33.6 million compared to a loss of $617.7 million a year ago

** Albemarle expects to spend $700 million to $800 million, roughly half of last year's capital budget, in 2025

** Including session's moves, ALB shares down 10.2%

(Reporting by Katha Kalia)

((Katha.Kalia@thomsonreuters.com))

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