The last time I covered Albemarle (ALB), I mentioned that strong lithium growth potential lies ahead. While that may still hold true over the longer-term, for the more immediate future, anyway, it's now looking like the company wants to scale things back a bit.
Shift in Strategy
For instance, the now "outdated" former roadmap split Albemarle's lithium growth phase up into two parts:
- Wave I projects, Xinyu II, La Negra III/IV, Kemerton I-II were scheduled to boost current nameplate capacity of 65k tpa of Lithium Carbonate Equivalent (LCE) up to 165-175k