Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.
"This partnership secures lithium supplies for us and breaks the Chinese monopoly" - Wolfgang Tiefensee economy minister of the German state of Thuringia, an automotive manufacturing hub.
The dispute centered around a contract term that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount.
The lithium miner, the world’s second largest producer of the white metal, has approved additional measures to protect corporate data considered confidential from China'a Tianqi, which recently bought almost a quarter of the Chilean company.