Albemarle Reshapes Lithium Footprint While Targeting Future Profitability And Growth
Albemarle (NYSE:ALB) has idled its Kemerton lithium hydroxide plant in Western Australia, responding to challenging market conditions. The company closed the sale of a major stake in Eurecat and rolled out broad cost controls across its operations. Albemarle received a U.S. Department of Energy grant to restart lithium mining in the United States. The company has returned to year over year revenue growth and revised higher its long term lithium demand forecast. Albemarle, a key global...
Albemarle (NYSE:ALB) has idled its Kemerton lithium hydroxide plant in Western Australia, responding to challenging market conditions. The company closed the sale of a major stake in Eurecat and rolled out broad cost controls across its operations. Albemarle received a U.S. Department of Energy grant to restart lithium mining in the United States. The company has returned to year over year revenue growth and revised higher its long term lithium demand forecast. Albemarle, a key global...