Albemarle Corporation

Albemarle Corp <ALB.N>, the world's largest lithium producer, warned on Thursday that prices for the battery metal are down nearly a third in the past year and that the industry has two to three times more supply than needed.

Albemarle Corp, the world's largest lithium producer, warned on Thursday that prices for the battery metal are down more than 30 percent in the past year and that the industry has as much as three times more supply than needed.

Albemarle Corp said on Wednesday it had started a cost control program targeting over $100 million in savings over the next two years, as the world's largest lithium producer grapples with a fall in prices on near-term oversupply concerns.

Albemarle Corp said on Wednesday it had started a cost control program targeting over $100 million in savings over the next two years, as the world's largest lithium producer grapples with a fall in prices on near-term oversupply concerns.

Australia's Mineral Resources Ltd said on Friday its newly formed joint venture with Albemarle Corp had decided to pause operations at the Wodgina Project due to "challenging" lithium market conditions.

The London Metal Exchange is planning to create a committee to represent the interests of producers and users of lithium, a key component in electric car batteries, it said on Tuesday.

The London Metal Exchange (LME) said on Tuesday it would create a committee to represent the interests and views of producers and users of lithium, a key ingredient in batteries.

Albemarle Corp <ALB.N>, the world's largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading.

Albemarle Corp, the world's largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal.

Albemarle Corp <ALB.N> said on Thursday it would delay construction plans for about 125,000 tons of additional lithium processing capacity as an oversupply of the white metal used to make electric vehicle batteries has pushed down prices.

Albemarle Corp said on Thursday it would delay construction of about 125,000 tons of additional lithium processing capacity as an oversupply of the white metal used to make electric vehicle batteries has pushed down prices.

Albemarle Corp <ALB.N> beat quarterly profit estimates on higher demand for bromine and raised its 2019 adjusted profit forecast on Wednesday, sending shares of the world's largest lithium producer up over 10% in extended trading.

* MinRes to get 40% stake in Albemarle's hydroxide plant (Recasts with Albemarle, S&P comments)

Mineral Resources Ltd on Thursday said that Albemarle Corp, the world's largest lithium producer, would now buy a 60% stake in its Wodgina Lithium Project, instead of the previously agreed 50%.

South Korea's POSCO has pulled out of a project to build battery parts in Chile, the Asian steelmaker said, little more than a year after winning guaranteed access to cheap lithium from top producer Albemarle.

South Korea's POSCO has pulled out of a project to build battery parts in Chile, the Asian steelmaker said, little more than a year after winning guaranteed access to cheap lithium from top producer Albemarle.

Albemarle Corp on Tuesday detailed a process it believes will increase its Chilean lithium output by nearly a third and said it is working to reduce the affect of precipitation on its evaporation ponds.

Albemarle Corp, the world's largest lithium producer, said on Tuesday it will not participate in the London Metal Exchange's plans to launch a new contract for the white metal.

Albemarle Corp said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30 percent without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert.