XML 56 R44.htm IDEA: XBRL DOCUMENT v3.24.3
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Our consolidated statements of (loss) income include sales to and purchases from unconsolidated affiliates in the ordinary course of business as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Sales to unconsolidated affiliates$11,618 $4,070 $13,803 $14,843 
Purchases from unconsolidated affiliates(a)
$187,117 $884,886 $505,570 $3,072,374 
(a)Purchases from unconsolidated affiliates primarily relate to spodumene purchased from the Company’s Windfield joint venture. The decrease from prior year primarily related to the lower lithium market prices in recent months.

Our consolidated balance sheets include accounts receivable due from and payable to unconsolidated affiliates in the ordinary course of business as follows (in thousands):
September 30, 2024December 31, 2023
Receivables from unconsolidated affiliates$11,249 $15,992 
Payables to unconsolidated affiliates(a)
$152,093 $550,186 
(a)Payables to unconsolidated affiliates primarily relate to spodumene purchased from the Company’s Windfield joint venture under normal payment terms.