Inventories (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Breakdown of Inventories

The following table provides a breakdown of inventories at June 30, 2024 and December 31, 2023 (in thousands):

	June 30,		December 31,
	2024		2023
Finished goods	$	1,203,222	$	1,624,893
Raw materials and work in process(a)	448,372		401,050
Stores, supplies and other	148,520		135,344
Total(b)	$	1,800,114	$	2,161,287

(a)Includes $274.3 million and $213.4 million at June 30, 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.