Albemarle to auction lithium as part of push for price transparency
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, said on Wednesday that it will hold several auctions to sell supplies of the metal as part of a push to boost market transparency.
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Despite weak lithium prices, Albemarle beats on cost cuts
Albemarle, the world’s largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries.
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Albemarle lays off 300 employees on weak lithium prices
Albemarle (NYSE: ALB), the world’s largest lithium producer, is said to have laid off more than 300 employees, or 4% of its total workforce, across its US and global operations.
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Albemarle cuts annual forecast on slumping lithium prices
Mining News Pro - Albemarle, the world’s largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal.
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Visit: 164
Liontown extends due diligence for $4.2bn Albemarle buyout
Mining News Pro - Australia’s Liontown Resources on Thursday said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by US-based Albemarle, even as an Australian billionaire muscles in.
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Hancock inches towards blocking stake in Liontown amid Albemarle bid
Mining News Pro - Australian billionaire Gina Rinehart’s Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by US-based Albemarle for Liontown.
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Australia billionaire weighs in on Albemarle’s takeover target Liontown
Mining News Pro - Hancock Prospecting, owned by Australia’s richest person Gina Rinehart, said on Tuesday it could help Liontown Resources build its lithium mine, after raising its stake in the developer that has accepted a buyout bid from Albemarle
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Albemarle seals early agreement with workers union in Chile
Mining News Pro - Albemarle, one of the world’s top lithium producers, said on Tuesday it reached an early collective bargaining agreement with a union that represents 386 of its workers in Chile.
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Albemarle ends early contract deal with Chile supervisors union
Mining News Pro - Albemarle, the world’s top lithium producer, said on Friday it had closed an early collective bargaining agreement with its union of supervisors at its three locations in Chile.
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Albemarle aims to expand Chile lithium mine in 2028 with new technology
Mining News Pro - Brine pools from a Albemarle’s lithium mine. (File image)
Albemarle Corp hopes to expand its lithium operations in Chile’s Atacama salt flat as early as 2028 with direct lithium extraction (DLE) technology under its current government contract, Ignacio Mehech, the company’s Chile manager, told Reuters.
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Albemarle to double lithium hydroxide capacity at Kemerton
Mining News Pro - Albemarle has announced its decision to build two additional processing trains at the Kemerton lithium hydroxide plant in WA, making it the largest investor in downstream lithium processing in the country.
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Albemarle aims to use new lithium tech in Chile as govt broadens control
Mining News Pro - Albemarle Corp plans to deploy new lithium filtration technologies in Chile as the government moves to broader control over its vast lithium sector and expand production of the metal used to make electric vehicle (EV) batteries, chief executive Kent Masters said on Thursday.
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Albemarle expects 40% Chinese EV market growth to drive lithium demand
Mining News Pro - Lithium giant Albemarle Corp expects China’s electric vehicle (EV) market to grow 40% this year, or at least by 3 million vehicles, boosting demand for the battery metal in the world’s largest auto market.
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Albemarle calls for high lithium prices to fuel EV industry growth
Mining News Pro - Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery metal and fuel the green energy transition.
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Albemarle calls for high lithium prices to fuel EV industry growth
Mining News Pro - Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle (EV) battery metal and fuel the green energy transition.
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Albemarle to build $180m US lithium research centre
Mining News Pro - Albemarle has been working this year on opening new facilities to process mined lithium into the chemicals needed for batteries and it’s on track to more than double conversion capacity from last year.
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Albemarle windfall shows lithium’s resilience to recession fears
Mining News Pro - The lithium boom is proving so resilient amid recession fears that the world’s biggest producer now expects its operating cash flow to outweigh total expenditures for the first time in six years.
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Albemarle studying ways to recycle lithium in North America
Mining News Pro - Albemarle Corp on Thursday said it is studying ways to develop a battery recycling business in North America and believes there would be many similarities with its current lithium operations.
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Albemarle’s lithium sales surge after supply contracts renegotiated
Mining News Pro - Albemarle Corp, the world’s largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices.
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Albemarle plans major US lithium processing plant
Mining News Pro - Albemarle Corp plans to build a lithium processing plant in the United States that would produce as much of the electric vehicle battery metal as the entire company produces today, a bullish bet on America’s all-electric future, an executive said on Monday.
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Albemarle, Mineral Resources to speed up Wodgina lithium mine restart
Mining News Pro - Albemarle and its partner Mineral Resources will speed up the restart of production at their jointly owned Wodgina lithium mine in Australia to respond to “unprecedented” demand for the battery metal.
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Albemarle facing environmental charges in Chile for over-extracting lithium-rich brine
Mining News Pro - Chile’s Environment Superintendence (SMA in Spanish) launched a legal procedure against Albemarle for over-extracting brine at its Atacama salt flat operation.
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Albemarle guidance fails to impress amid sky-high lithium prices
Mining News Pro - Albemarle Corp. expects to make more money next year. But with lithium prices at a record, investors were left wanting more.
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Albemarle boosts 2021 forecast on rising global lithium demand
Mining News Pro - Albemarle Corp, the world’s largest producer of lithium for electric vehicles, boosted its 2021 sales forecast on Wednesday after posting an adjusted third-quarter profit that easily beat Wall Street’s expectations.
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MinRes, Albemarle to restart Wodgina as lithium lifts
Mining News Pro - The MARBL lithium joint venture has decided to restart the Wodgina lithium mine in Western Australia’s Pilbara region, with production planned for the September quarter of 2022.
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Visit: 826