The Zhitong Finance App learned that in the first quarter of 2026, the world's largest lithium producer, American Alb.US (ALB.US), announced that the lithium industry had officially broken out of its trough with a report card far exceeding market expectations. The chemical giant, headquartered in Charlotte, North Carolina, announced that net profit for the first quarter reached US$319.1 million, or US$2.34 per share, compared with only US$49.3 million in the same period last year, which is equivalent to break-even per share. Excluding one-time items, adjusted earnings per share reached $2.95, far higher than LSEG's average analysts' expectations of $1.09.
Zhitongcaijing · 2d ago
Share
Listen to the news
The Zhitong Finance App learned that in the first quarter of 2026, the world's largest lithium producer, American Alb.US (ALB.US), announced that the lithium industry had officially broken out of its trough with a report card far exceeding market expectations. The chemical giant, headquartered in Charlotte, North Carolina, announced that net profit for the first quarter reached US$319.1 million, or US$2.34 per share, compared with only US$49.3 million in the same period last year, which is equivalent to break-even per share. Excluding one-time items, adjusted earnings per share reached $2.95, far higher than LSEG's average analysts' expectations of $1.09.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending