Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Breakdown of Inventories

The following table provides a breakdown of inventories at December 31, 2023 and 2022 (in thousands):

	December 31,
	2023		2022
Finished goods	$	1,624,893	$	1,679,473
Raw materials and work in process(a)	401,050		296,998
Stores, supplies and other	135,344		99,560
Total(b)	$	2,161,287	$	2,076,031

(a)Included $213.4 million and $133.2 million at December 31, 2023 and 2022, respectively, of work in process in our Energy Storage segment.

(b)During the year ended December 31, 2023, the Company recorded a $604.1 million charge in Cost of goods sold to reduce the value of certain spodumene and finished goods to their net realizable value following the decline in lithium market pricing at the end of the year.