Advertisement
Grab your lab coat. Let's get started
Welcome!
Welcome!
Create an account below to get 6 C&EN articles per month, receive newsletters and more - all free.
It seems this is your first time logging in online. Please enter the following information to continue.
As an ACS member you automatically get access to this site. All we need is few more details to create your reading experience.
Not you? Sign in with a different account.
Not you? Sign in with a different account.
ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Energy Storage
Albemarle to cut spending after lithium prices fall
by Matt Blois
January 19, 2024
| A version of this story appeared in
Volume 102, Issue 2
The chemical firm Albemarle is cutting spending and laying off workers following a crash in lithium prices over the last year. The company spent about $2.1 billion on capital projects in 2023 and expects to reduce outlays to $1.6 billion–$1.8 billion in 2024. Albemarle is delaying a plan to build a $1.3 billion lithium hydroxide facility in South Carolina and a $180 million R&D center in North Carolina. Efforts to open a lithium mine in North Carolina and lithium processing facilities in China and Australia will continue.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2025 American Chemical Society
The power is now in your (nitrile gloved) hands
Sign up for a free account to get more articles. Or choose the ACS option that’s right for you.
Already have an ACS ID? Log in
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on X