The comments, which have not previously been publicly disclosed, come at a time of rapid growth and cutthroat competition across the lithium sector as Albemarle seeks to tap into surging demand for high-tech batteries like those used in Tesla Inc’s Model X and other electric vehicles. Philadelphia-based FMC, primarily a pesticides maker, said in February it would launch a $500 million (390.7 million pounds) initial public offering in October of a stake in its lithium business. Livent’s stock multiple, which will reflect how the stock trades compared to its expected earnings, will be closely watched by Wall Street …read more
Source:: Yahoo Finance
