Albemarle

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  November 19, 2024

  Albemarle CEO Warns Pivoting Away from China for Lithium Supply Chains May Be Unfeasible

  BY Lara Browne
  Kent Masters, CEO of Albemarle, the world’s largest lithium producer, has expressed concerns about shifting critical mineral supply chains away from China in North America and Europe, calling it economically impractical under current market conditions. “We were trying to pivot to the West… the prices we see in the market don’t really allow us to...
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  November 7, 2024

  Albemarle to Cut Global Workforce Amid Lithium Price Slump

  BY Lara Browne
  Albemarle announced plans to reduce its global workforce by 6% to 7% as part of a cost-cutting effort in response to a slump in lithium prices and weakening demand. The world’s largest lithium producer revealed that around 15% of its non-manufacturing employees would be affected, according to an earnings report released on Wednesday. In addition...
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