FMC Corporation Announces Lithium Price Increase

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Sep 15, 2015, 09:00 ET

PHILADELPHIA, Sept. 15, 2015 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that effective October 1, 2015, or as contracts permit, it will increase prices for its lithium products in all global regions. All products including lithium carbonate, lithium chloride, lithium hydroxide and all other products except Specialty Organics will increase by 15 percent. Specialty Organics products, which include all grades of butyllithium, will increase by $3.50 per kilogram on a contained basis. The increases apply to all standard and non-standard pricing.

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"Continued market growth is outpacing current industry supply capabilities for most of our product lines. For butyllithium, growing demand in all regions has improved market conditions," said Chris Senyk, global marketing director, FMC Lithium. "Price increases are necessary to re-invest in our global manufacturing facilities and continue reliable supply of high-quality lithium products."

About FMC
FMC Corporation is a specialty company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. FMC acquired Cheminova in April of 2015. Pro forma revenue totaled approximately $4.5 billion in 2014. FMC employs approximately 7,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.

Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2014 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

SOURCE FMC Corporation