Albemarle reduces lithium hydroxide processing in Western Australia due to market fluctuations.

Albemarle, a leading lithium producer, has downsized its lithium hydroxide processing operations in Western Australia due to fluctuating international critical minerals markets. The company is committed to supporting the affected workforce, collaborating with unions, and local communities while still aiming to improve production at one processing train at its Kemerton plant. Albemarle's cost and operating structure review includes immediate asset actions, such as idling a production unit at the Kemerton site, to address the ongoing industry challenges.

July 31, 2024
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