Albemarle’s new technology enables sustainable rise increase lithium production

Albemarle’s new technology enables sustainable rise increase lithium production

5:14 AM, 16th September 2017
Albemarle logo

CHARLOTTE, US: Albemarle Corporation (ALB) has developed an innovative technology that could enable the company to sustainably increase total lithium production in Chile. To an abundant of125,000 metric tons of lithium carbonate equivalent (LCE) annually, without the need for additional brine pumping at the Salar de Atacama.

As a result of this development, Albemarle has requested that Chile's Economic Development Agency (Corfo) increase Albemarle's lithium quota.

Assuming the technology proves commercially viable, Albemarle plans to build and start-up additional lithium carbonate capacity in Chile in the early 2020s, once current expansion projects are completed and producing at capacity. Projects already underway should increase Albemarle's total annual production capacity in Chile to greater than 80,000 metric tons of LCE by 2020.

“Our efforts to improve efficiencies and sustainability in our Atacama operations are consistent with the spirit of our agreement with Corfo and the way we operate globally. We are focused on adding value to our Chilean operations while supporting the creation of a downstream industry in the country,” said John Mitchell, Albemarle president of lithium and advanced materials.

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