Charlotte-based Albemarle to lay off 7 percent of workforce after ...
CHARLOTTE, N.C. (QUEEN CITY NEWS) — Lithium company Albemarle Corp is planning layoffs. The Charlotte-based Fortune 500 firm announced in its earnings call last week that it will cut upwards of ...
Albemarle Corp. cuts more jobs following $1 billion loss during
Albemarle has about 1,100 employees in Charlotte and Kings Mountain, and upwards of 8,000 workers globally, The Charlotte Observer reported in January. That means this round of job cuts could ...
Cautious Stance on Albemarle Amid Mixed Q3 Results and Pricing ...
3 days ago · Albemarle (ALB – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst on November 6. Analyst Ben Kallo from Robert W. Baird assigned a Hold rating on the ...
Lithium giant Albemarle scraps thousands of tonnes of steel from …
2 days ago · Lithium giant Albemarle has lost more than $1 billion in the third quarter of 2024, a large chunk of which was pinned to its failed Kemerton expansion project in South West WA. Unions say workers ...
BlackRock Inc.'s Strategic Acquisition of Albemarle Corp Shares
Sep 12, 2024 · BlackRock Inc., a global investment management firm, increased its stake in Albemarle Corp, a lithium and chemicals producer, by 2,220,059 shares on August 31, 2024. The acquisition reflects...
Albemarle loses more than $1 billion on falling lithium prices
Nov 6, 2024 · Albemarle reports $1.11 billion net loss in Q3; Company slashes capital budget amid 71% drop in lithium prices; CEO Masters expects lithium prices to stay low for the foreseeable future
Albemarle to Cut Jobs as Lithium Market Struggles in Downturn
Nov 6, 2024 · Albemarle Corp. plans to cut its global workforce by 6%-7% as part of efforts to reduce costs as lithium prices slump and demand slows. The world’s largest producer of the battery metal said the ...
Newsroom - Albemarle
2 days ago · Find out the latest news and updates from Albemarle, a global leader in providing essential elements for mobility, energy, connectivity and health. Learn about the company's products, sustainability, community, people and more.
Albemarle Receives $90 Million Critical Materials Award from the
Sep 12, 2023 · Albemarle Corporation, a global leader in lithium production, received a $90 million grant from the U.S. Department of Defense to expand domestic mining and processing of critical materials for the battery supply chain. The company plans to reopen its hard rock lithium mine in Kings Mountain, North Carolina, as early as late 2026, pending permitting.
News Details - Albemarle Corporation
Mar 22, 2023 · Albemarle plans to invest at least $1.3 billion in a lithium hydroxide Mega-Flex facility in South Carolina to meet the demand for electric vehicles and lithium-ion batteries. The facility will create over 300 jobs and support the Inflation Reduction Act, which incentivizes localization of critical minerals in North America.
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