March 10, 2020 / 5:55 PM / 22 days ago

Albemarle expects weak first quarter in China due to coronavirus

March 10 (Reuters) - Albemarle Corp, the world's largest producer of lithium for electric vehicle batteries, said on Tuesday it is experiencing a "weak" first quarter in China, where most of the company's processing facilities and customers are located.

None of the company's employees have contracted the virus and so far there have only been minimal order reductions from customers. Logistic delays, though, "remain an area of concern," Chief Financial Officer Scott Tozier told the J.P. Morgan Industrials Conference, which was held entirely via webcast this year due to the virus. (Reporting by Ernest Scheyder, Editing by Franklin Paul)

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