Saudi Arabia to visit Brazil and Chile as seeks to diversify mining
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.
Livent Corp, the lithium producer spun off last fall from FMC Corp, said on Monday it swung to a fourth-quarter profit on rising demand for the white metal.
The company, which produces lithium in Argentina, posted net income of $25.9 million, or 18 cents per share, compared with a net loss of $10.9 million, or 9 cents per share, in the year-ago period.
(By Ernest Scheyder; Editing by Dan Grebler)
