Albemarle pauses lithium expansions on market oversupply, low prices
Published: Monday, 12 August 2019
Albemarle has put its lithium production expansion plans on hold due to current market oversupply and lower prices, Luke Kissam, the company chief executive officer said.
Changes to China’s new energy vehicles (NEVs)
subsidies, shifts in cathode chemistry and the oversupply of
lithium carbonate have raised concerns among the energy storage
value chain, Kissam said during the company's second-quarter
"All of this has put downward pressure on prices and we
expect to see...