Lower prices, oversupply to weigh on lithium miners

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Halifax District RCMP Seek Public Assistance to Identify Driver | SaltWire - Albemarle Corp, the world's largest producer of lithium, is expected to report lower quarterly profit as prices of the silvery-white metal came under pressure due to concerns of falling near-term demand and oversupply.

Lithium prices in China, the metal's top consumer, sank during the quarter, hit by lackluster buying. Overcapacity in the energy storage sector, the second-biggest consumer of lithium, eroded margins and has also weighed on the prices.

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