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Related Party Transactions (Tables) | 3 Months Ended
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Mar. 31, 2024
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Our consolidated statements of income include sales to and purchases from unconsolidated affiliates in the ordinary course of business as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2024 |  | 2023
Sales to unconsolidated affiliates |  |  |  |  | $ | 1,958 |  |  | $ | 7,100 |
Purchases from unconsolidated affiliates(a) |  |  |  |  | $ | 137,197 |  |  | $ | 1,072,544 |
(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):
| March 31, 2024 |  | December 31, 2023
Receivables from unconsolidated affiliates | $ | 1,511 |  |  | $ | 15,992 |
Payables to unconsolidated affiliates(a) | $ | 129,613 |  |  | $ | 550,186 |
(a)Payables to unconsolidated affiliates primarily relate spodumene purchased from the Company’s Windfield joint venture under normal payment terms.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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