Albemarle falls on weak Q4 results; to idle Australia lithium plant

Albemarle

12/02/2026 10:17

** Shares of world's largest producer of lithium Albemarle ALB.N drop 2.3% to $171.40 in premarket trade

** ALB says it would idle a major Australian processing plant

** Posts larger-than-expected quarterly loss; Alb lost 53 cents per share vs analysts' expected a loss of 41 cents per share, according to data compiled by LSEG

** Lithium prices plunged more than 90% over the past two years due in part to oversupply from China

** So far this year, ALB is up 24%

 (Reporting by Arunima Kumar in Bengaluru)

 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))