A squeeze on lithium has top producer ‘going as fast as we can’
Albemarle plans to start sales from a new plant in Chile early 2022 and from an expansion in Western Australia around the middle of the year.
Albemarle plans to start sales from a new plant in Chile early 2022 and from an expansion in Western Australia around the middle of the year.
The company's stock rose 4.1% in after-hours trading following its Q3 results.
Singapore-based SES, which is going public through a $3.6 billion reverse merger with a shell company led by Robert Friedland, is showcasing a lithium-metal battery cell with more than 100 amp hours of charge.
The offer represents a 22.1% premium over CATL's previous bid of C$377 million.
The Chinese firm will provide battery grade lithium hydroxide products to the electric vehicle maker from 2022 to 2024.
This follows a deal last month in which Sibanye agreed to buy half of ioneer's Nevada lithium mine project.
Demand will likely outstrip production over at least the next five years, Morningstar predicts.
Sigma Lithium is advancing among the largest hard-rock lithium deposits in the Americas at its Grota do Cirilo project, applying an environmental, social, and governance (ESG)-centric strategy.
The facility in Gwangyang is expected to cost up to $750 million.
The production would restart in the third quarter of 2022 initially.