Lithium producer Albemarle is exploring how to ramp production to catch up with the supply crunch on the material, looking to have new mines including in Chile and Australia. — REUTERS
Albemarle Corp., the world’s biggest lithium producer, is expanding as quickly as possible and evaluating new opportunities as buyers of the battery metal struggle to keep up with surging electric-vehicle demand.
The company plans to start sales from a new plant in Chile early 2022 and from an expansion in Western Australia around the middle of the year, as it restarts another mothballed mine. At the same time, it’s evaluating a bid for new contracts in Chile and looking out for possible acquisitions in Australia, North America and Europe, senior executives said in an interview Thursday.
Limited time offer:
Just RM5 per month.
