Albemarle

  • IGO Cuts Greenbushes Lithium Mine Capex Forecast as Market Weakness Persists
    May 9, 2025

    IGO Cuts Greenbushes Lithium Mine Capex Forecast as Market Weakness Persists

    BY Lara Browne
    IGO Ltd has reduced its fiscal 2025 capital expenditure forecast for the Greenbushes lithium mine in Western Australia, now expecting to spend A$700 million to A$800 million (USD $447–$511 million), down from its previous estimate of A$850 million to A$950 million (USD $543–$607 million). The company attributed the cut to a review and optimization of...
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  • February 19, 2025

    Albemarle Reports Lower Earnings Amid Lithium Market Challenges

    BY John Davis
    Albemarle Corporation posted its financial results for Q4 and the full year of 2024, reflecting the impact of lower lithium prices despite cost reduction efforts. The company implemented efficiency measures to remain competitive but did not meet analyst expectations due to a lithium supply glut driven by overproduction in China. Chairman and CEO Kent Masters...
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