Albemarle jumps into global race to reinvent lithium production
A successful move into the DLE sector would likely cement Albemarle's dominance in the fast-growing industry.
A successful move into the DLE sector would likely cement Albemarle's dominance in the fast-growing industry.
DSO, which is a relatively unprocessed ore and is easier to produce, is expected to provide an early source of revenue for the company.
The company posted net income for the second quarter ended June 30 of $650 million, or $5.52 per share.
The shipment totaled 25,000 tonnes of spodumene concentrate to be sold into the global spot market via a major trading company.
The company is testing whether it’s feasible to extract minerals from the large amounts of dirty water generated by drilling in the Permian Basin.
Minerals that will now be open for mining and auction also include titanium, beryl, niobium and zirconium.
The company and Calix received board approvals to build a demonstration plant to process lithium at the Pilgangoora project in Western Australia.
The company would like to buy an asset in Canada, according to its CEO.
The now $800 million project 265 km southeast of Nashville would process about 27,000 tonnes a year of the battery metal starting in 2026.
Rio has the option to invest up to $7.5 million in two stages to earn up to a 75% interest in Aterian's HCK project.