Battery materials manufacturer to idle portions of its US lithium production

Battery materials firm Albemarle is due to idle portions of its lithium mine and production facility in the US due to short-term supply-demand imbalances and an excess stockpile of battery-grade lithium.
The North Carolina-headquartered firm’s Silver Peak lithium mine in Nevada and Kings Mountain lithium hydroxide production facility in North Carolina are due to partially close next month until the end of the year.