Chile gives Albemarle option to boost lithium quota

The company has cut nearly two-thirds of its lithium production cost.

Following one of the most challenging periods for miners in Chile in years, the country’s industry is finally picking up.

Both Tianqi and Ganfeng said they’ll continue to acquire global reserves of the key battery material.

The ability to produce lithium directly from oil field brines, especially in regions like Alberta, where lithium is pervasive in major formations, could help meet the growing demand for lithium.

More threatening than oversupply in the coming years is the risk of a renewed shortage, which would send prices soaring.

Mineral Resources will use a digital trading platform to sell parcels of spodumene concentrate.

India will send two delegations next month to Chile to scout for lithium and copper resources.

The deal by the Japanese trading house follows a similar one unveiled by rival Mitsubishi Corp.

Industry players said they are seeking information on how contracts will be awarded by officials in the country that is the world's second-biggest lithium producer.