The president of Global Lithium dismissed as a 'myth' the possibility of the markets being flooded with lithium chemical.
Albemarle Corp Mining News
Wetlands have been dried out, the environment has been damaged, for the salt flat and for local communities, it is already too late.
The internal review found “significant errors” in CCHEN’s accounting of the sales of the world’s top lithium producers Albemarle and SQM between 1984 - 2015.
The joint venture will allow the American lithium producer, the world’s No. 1, to expand its presence in Australia.
The country's state development agency says Albemarle has failed to provide as much as 25% of its annual production at a discount to companies seeking to produce battery metals within Chile, as stipulated in a contract signed in 2016.
That deal is expected to end years of wrangling over ownership rights to Grasberg, the world's second-biggest copper mine.
Mineral Resources shares spiked on the news, closing Thursday 26.6% higher at A$15.76.
While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada’s Clayton Valley is taking shape.
Albemarle says it expects to ultimately receive approval to produce more lithium from Chilean Nuclear Energy Commission (CCHEN).
Peruvian President Martin Vizcarra says his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine.