Albemarle Inks Five-year Deal With Ford To Deliver Battery-grade Lithium Hydroxide

RTTNews | 1260 hari yang lalu
Albemarle Inks Five-year Deal With Ford To Deliver Battery-grade Lithium Hydroxide

(RTTNews) - Albemarle Corp. (ALB) announced Monday a definitive agreement with Ford Motor Co. (F) to deliver battery-grade lithium hydroxide to support the automaker's ability to scale electric vehicle (EV) production.

Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries. The five-year supply agreement starts in 2026 and continues through 2030.

Both Albemarle and Ford are committed to supplying the U.S. EV supply chain via lithium hydroxide domestically produced in the United States or originating in a country with a U.S. Free Trade Agreement.

In addition to the lithium hydroxide supply, Albemarle and Ford will explore collaborations to develop a closed-loop solution for lithium-ion battery recycling.

Furthermore, both companies are deeply committed to responsible sourcing and production and have agreed to work together to ensure sustainability, transparency and traceability in their supply chains.

baca selengkapnya
Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

Save for a very brief while a few minutes before the closing bell, the Swiss stock market stayed in negative territory on Monday. The market's loss was just marginal as the sharp slide in oil prices helped ease concerns about inflation.
RTTNews | 1 jam 52 menit yang lalu
European Markets Rise As Oil Falls On Iran Peace Hopes

European Markets Rise As Oil Falls On Iran Peace Hopes

Major European indices climbed Monday as oil prices dropped sharply on expectations that Iranian and Qatari diplomatic discussions could ease Middle East tensions. The pan-European Stoxx 600 gained 0.42%, while UK, German, and French markets advanced. Investors also digested October PMI data ahead of the Bank of England's monetary policy announcement.
RTTNews | 2 jam 27 menit yang lalu
TSX Up Over 1% As Oil's Slide Lifts Sentiment

TSX Up Over 1% As Oil's Slide Lifts Sentiment

The Canadian market is up firmly in positive territory around noon on Monday with stocks from various sectors moving up sharply amid easing concerns about inflation following a sharp drop in oil prices.
RTTNews | 3 jam 29 menit yang lalu
U.S. Construction Spending Unexpectedly Pulls Back Sharply In September

U.S. Construction Spending Unexpectedly Pulls Back Sharply In September

Construction spending in the U.S. unexpectedly pulled back sharply in the month of September, according to a report released by the Commerce Department on Monday. The report said construction spending tumbled by 1.9 percent to an annual rate of $2.186 trillion in September after surging by 2.0 percent to a revised rate of $2.227 trillion in August.
RTTNews | 4 jam 43 menit yang lalu
U.S. Manufacturing Index Increases More Than Expected In October

U.S. Manufacturing Index Increases More Than Expected In October

The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing activity increased by more than expected in the month of October. The ISM said its manufacturing PMI rose to 55.5 in October after edging down to 54.5 in September, with a reading above 50 indicating growth. Economists had expected the index to inch up to 54.6.
RTTNews | 4 jam 48 menit yang lalu
Bay Street Set For Positive Open As Oil Prices Plunge

Bay Street Set For Positive Open As Oil Prices Plunge

Canadian equities poised for gains Monday as crude oil prices drop sharply on Iran-Qatar diplomatic discussions. Imperial Oil reports Q3 earnings of $5.11 per share versus $2.17 a year ago. Multiple companies scheduled to report quarterly results today.
RTTNews | 7 jam 17 menit yang lalu
Marriott Lifts FY26 Outlook After Higher Q3; Shares Rise

Marriott Lifts FY26 Outlook After Higher Q3; Shares Rise

Marriott International, Inc., while reporting higher third-quarter profit, revenues and global RevPAR, on Monday issued outlook for its fourth quarter, and raised fiscal 2026 view citing expectations for continued healthy demand. In pre-market activity on Nasdaq, the shares were gaining around 3.18 percent.
RTTNews | 7 jam 32 menit yang lalu
FTSE 100 Edges Down 0.06% As Energy Stocks Weigh

FTSE 100 Edges Down 0.06% As Energy Stocks Weigh

U.K. stocks showed mixed performance Monday amid cautious trading ahead of the Bank of England's monetary policy announcement. Mining and real estate stocks gained while energy stocks fell as crude oil prices declined sharply on diplomatic hopes regarding Iran.
RTTNews | 8 jam 23 menit yang lalu