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Keyword: albemarlecorp

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

    06/07/2022 7:28:47 PM PDT · by markomalley · 21 replies
    Reuters ^ | 6/7/22
    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.
  • The World Is Facing A Lithium Supply Crunch As Demand Soars

    05/13/2021 7:01:07 PM PDT · by nickcarraway · 45 replies
    Oilprice ^ | May 13, 2021 | Tsvetana Paraskova
    In just one year, the world’s largest lithium producers turned from cautiously optimistic about prices and very careful about expansion projects to decisively bullish on near, medium, and long-term demand for the key battery metal. The pandemic prompted many governments to commit to greener recovery and to raising significantly the share of renewable energy and electric vehicles (EVs), stoking demand for critical minerals this year. Lithium, alongside copper, has seen prices rising since automakers started pledging all-EV lineups and exponential growth in their electric car offerings. Rising immediate demand for lithium and expectations of surging demand in the longer term...