US Stock Market Move | American company Albemarle (ALB.US) rose more than 5% and announced the idle Kemerton lithium processing plant in Australia to enhance financial flexibility.

23:27 13/02/2026

On Friday, American Airlines (ALB.US) rose over 5%, to $167.32.

On Friday, Albemarle Corp (ALB.US) rose more than 5% to $167.32. In terms of news, Albemarle recently announced that it will immediately idle its Kemerton lithium hydroxide processing plant in Western Australia to enhance financial flexibility. The company stated in its fourth-quarter earnings report released on Wednesday that despite the recent increase in lithium prices, the rise is not enough to offset the challenges facing its Australian hard rock lithium processing business. Albemarle had previously announced plans in May 2023 to invest over $1 billion to expand the Kemerton lithium hydroxide capacity, but has now scaled back that plan to improve operating cash flow and reduce capital spending.

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