Battery-metal boom to change commodities cycle: ALS

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Australian laboratory testing giant ALS sees profits jump while eyeing higher prices amid inflationary pressures.

says the mining sector’s hunger for battery-based metals is so great that the traditional commodities cycle is changing.

One sour note was that its smaller industrial division, which inspects machinery such as turbines or assets such as pipelines, continued to go backwards. Raw material costs for the group, which made acquisitions and expanded its own operations, rose 25 per cent to $228 million.Mr Naran said ALS was looking at gradually raising prices across the group by between 6 per cent and 10 per cent over 24 months. “[That] not only should offset inflationary pressures but should help the business on its margin improvement,” he said.

 

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