Top producer Albemarle risks shutting German plant if EU declares lithium a hazard

Reuters ^ | 6/7/22

[markomalley]

Top lithium producer Albemarle Corp (ALB.N) may have to shut its Langelsheim plant in Germany if the metal used in electric vehicle batteries is declared a hazardous material by the European Union, its finance chief told Reuters.

Lithium's pivotal role in electric vehicles makes it an important commodity in meeting global targets to cut carbon emissions, and it was added to the EU's list of critical raw materials in 2020.

[arthurus]

I remarked on the most obvious trade-off. The Left wants to have their pie-in-the-sky and put it in the garbage disposal too.

[T.B. Yoits]

From the article: "Top lithium producer Albemarle Corp (ALB.N) may have to shut its Langelsheim plant in Germany if the metal used in electric vehicle batteries is declared a hazardous material by the European Union..."

Why wait?

They're overdue to move it out of the EU.