The company posted net income for the second quarter ended June 30 of USD 650 million, or USD 5.52 per share, compared with USD 406.8 million, or USD 3.46 per share, in the year-ago period. Sales in the company s Energy Storage division, which sells lithium, more than doubled to USD 1.76 billion. For the year, Albemarle expects the price at which it sells its lithium to jump nearly 30% from 2022 levels.
those are your headlines. i am right next to you. good to see you. rachel: thanks for the hard-hitting. pete: take it from here. rachel: lawmakers demanding answers over the company s partnership with chinese battery maker which the auto giant plans to use as a multibillion-dollar plan in michigan. in a letter to company leadership, lawmakers are promising the deal will go to chinese workers. not american workers. and warning the reliance on china is, quote, exposing it and the us taxpayers to the whims of the chinese communist party and its politics. here to react, carlos jimenez, member of the select committee on strategic competition between the us and china.
good to see you. we have not heard from mr musk at all since heard from mr musk at all since he arrived, that s kind of unusual. he arrived, that s kind of unusual- he arrived, that s kind of unusual. .., , he arrived, that s kind of unusual. , , , unusual. of course, twitter is banned in unusual. of course, twitter is banned in china unusual. of course, twitter is banned in china so unusual. of course, twitter is banned in china so maybe - unusual. of course, twitter is banned in china so maybe he| banned in china so maybe he doesn t want to upset the chinese by using vpn to access twitter while he s there. but judging by the pictures release, he met with the chinese foreign minister shortly after his arrival yesterday, where he reportedly told him he is keen to expand the presence of tesla in the country and he then had dinner with the chairman of china s battery maker and also a key tesla supplier and also this morning, i m starting to sound like a stalker, but he left with
centerstage at the g7 trip, at home, urging the white house to cut ties with the communist party, including virginia, where they rejected 3.5 million dollar battery plant last year. relationship with the chinese battery maker. virginia lieutenant governor winsome sears joins us to react to that. thank you for making time this morning. i was just in michigan where they were dealing with the same thing and trying to push formers out of their land to build battery plants and if you look at contract they have with china, they have to put the communist party first. how dangerous is this? of course, it is extremely dangerous, china is former adversary, in virginia this past session, we passed legislation that you cannot sell farmland that is surrounding military
leaders over plans to allow a chinese-owned battery maker to build a factory in their community. matthew is the big rapids resident and veteran that you just saw in that video. he joins us now. good morning matthew. tell us what your issue is with. morning. we just have an issue, china s move anything here, and there s nothing we can coabout it. our people we can coabout it. our people that are supposed to be looking out for us aren t doing their due diligence, looking into all this enails. joey: you re a resident of big rapids, there s another township nearby that was going to be built nearby, and now i i guess they ve put the on a pause waiting on a federal review, and i guess that has pushed the company not to build in big rapids? is that the the case? not actually sure at the moment. getting facts is kind of tough at the moment. joey: well, what do you think is the threat to your community, to