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Albemarle Maintains Its Prior Full-year Outlook Considerations, Which Are Based On Observed Lithium Market Price Scenarios

Author: Benzinga Newsdesk | July 31, 2024 04:25pm

The company is reducing its Specialties adjusted EBITDA outlook due to a slower than expected market rebound and higher logistics costs related to the ongoing conflict in the Middle East. 

As a result of cost actions , Albemarle expects to recognize a charge in the range of $0.9-$1.1 billion as an exceptional item in the company's third-quarter 2024 results.

Posted In: ALB


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