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Message: Albemarle to shutter two lithium facilities in the US

Thanks, Steven, on TOB for finding this article about Albemarle:

https://www.mining.com/albemarle-to-shutter-two-lithium-facilities-in-the-us/

The company plans to restart the idled output in early 2021, chief financial officer Scott Tozier said on Thursday’s earnings conference call.

THE COMPANY PLANS TO RESTART THE IDLED OUTPUT IN EARLY 2021

The announcement came as the company posted a 45% drop in second-quarter profit, which attributed partially to weak lithium prices caused by global oversupply.

Sales fell 12.7% to $283.7 million in the three months to June 30.

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