Inventories (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Breakdown of Inventories

The following table provides a breakdown of inventories at March 31, 2024 and December 31, 2023 (in thousands):

	March 31,		December 31,
	2024		2023
Finished goods	$	1,349,770	$	1,624,893
Raw materials and work in process(a)	414,204		401,050
Stores, supplies and other	140,853		135,344
Total(b)	$	1,904,827	$	2,161,287

(a)Includes $241.0 million and $213.4 million at March 31, 2024 and December 31, 2023, 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.