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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 t...

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 ...

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 ...

Like he did with the inflation reduction act and where we are with coal mining. but this is a guy who thinks he's so important in d.c., i don't know if he understands how these batteries are made and that it's government regulation that has pushed china to be the ones that provide batteries. it's the votes he's made that's put us in this situation, and now you blame the car companies because the government that he supports and votes with wants them to have electric vehicles, and china's the only chance they can get the batteries to given with. rachel: right. pete: go ahead. rachel: i was just ...