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Albemarle idled its Kemerton lithium plant in Australia, affecting 250 workers, due to market challenges despite rising demand.
Albemarle has idled its Kemerton lithium hydroxide plant in Western Australia, shutting down its final operating train and placing the facility into care and maintenance, affecting about 250 workers.
The move follows years of market volatility, high energy costs, and global competition, despite recent demand growth from energy storage.
The company said it will meet customer needs through other facilities and emphasized its Australian mining assets remain unaffected.
Industry leaders cite ongoing challenges in downstream lithium processing, while officials express concern over job losses and the future of Australia’s lithium industry.
Albemarle puso en inactividad su planta de litio Kemerton en Australia, afectando a 250 trabajadores, debido a los desafíos del mercado a pesar de la creciente demanda.