Albemarle

Demand for lithium, a key component for electric vehicle batteries, is expected to surge, from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons in less than a decade, according to McKinsey & Company.Albemarle, the world's top producer of this critical metal and the operator of mines in Australia, Chile and the U.S., says it plans to bring another domestic lithium mine online by 2027 — Kings Mountain in North Carolina. It already operates Silver Peak in Nevada.related investing…

Charlotte, N.C.-based Albemarle, which began as a paper mill in 1887, has become a key cog in a tight global supply chain for battery metals used in electric cars and smartphones. Charlotte, N.C.-based Albemarle, which began as a paper mill in 1887, has become a key cog in a tight global supply chain for battery metals used in electric cars and smartphones. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

The oil giant quietly laid plans earlier this year for potentially producing the mineral in Arkansas. The oil giant quietly laid plans earlier this year for potentially producing the mineral in Arkansas. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the…

Shares of some of the world’s biggest lithium mining companies traded sharply lower on Friday after Chilean President Gabriel Boric unveiled a new state-led strategy to develop its vast resources of the metal, which is vital for the development of electric vehicles.  Mr. Boric, a leftist former student protest leader who took office last year, announced late Thursday plans to create a state-owned lithium company to develop Chile’s lithium resources, a key campaign promise. In a televised address, Mr.…

ADELAIDE, Australia—The price of lithium is undergoing a minirevolution. Lithium is the battery mineral used in electric vehicles and electronic gadgets whose price surged to a record high this year. Many mining companies missed out, though, because they had previously agreed to sell production at a fixed value. Now, they are increasingly switching to deals that allow for prices to rise and fall according to changes in global supply and demand. The shift is evident in the outcome of annual…