Rockwood Holdings, Incorporated (ROC)

[RunawayTrain]

Lithium Prices Continue to Climb Wed Wed, Jul 6, 2011

Lithium prices have continued to climb, as inflationary costs escalate with impacts on the production for a number of critical companies in the industry. On July 1st, Chemetall Foote the lithium subsidiary of specialty chemicals and materials producer Rockwood Holdings Inc. (NYSE:ROC) hiked lithium prices up to 20 percent on several products as the result of increased costs for energy, raw materials, solvents and transportation.

The Princeton, New Jersey parent of Chemetall has said price increases will affect lithium metal battery grade and several lithium salts, including lithium carbonate, lithium hydroxide and lithium chloride. The company also will implement and update surcharge premiums due to requirements in different global markets.

http://resourceinvestingnews.com/18805-lithium-prices-continue-to-climb.html