Albemarle pauses lithium expansions on market oversupply, low prices

By Martim Facada
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 earnings call.

"All of this has put downward pressure on prices and we expect to see...

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