Albemarle Corp on Tuesday called for lithium prices to remain high indefinitely in order to help the mining industry develop new sources of the electric vehicle battery metal and fuel the green energy transition. mining EV
in the past year and are up nearly ninefold in the past three years, according to an index tracked by Benchmark Mineral Intelligence. For 2023, Albemarle expects the price it receives for its lithium to jump 40% over 2022 levels.
The Charlotte, North Carolina-based mining company has been building new lithium facilities in Chile, Australia, China and the United States, and is considering a major European lithium processing plant, projects for which it is planning to more than double its capital budget by 2027. Global lithium demand should hit 3.7 million tonnes by 2030, with Albemarle alone expecting to supply about 600,000 tonnes by that time. Without expansions, though, executives warned of the “potential for significant deficits” by the end of the decade without new mines and processing plants.
“Incentivizing industry to fill this gap requires strong long-term pricing,” Norris said. “The tight supply-demand situation means we have had to become more selective in partnering with our customers.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: ReportThe bankrupt crypto mining lender BlockFi plans to sell loans linked to Bitcoin mining machine purchases.
Leer más »
Seamless Checkout, AI, Robotics News From Microsoft, Google, Brain Corp And More At NRF 2023Vice President and Principal Analyst Melody Brue looks at some of the companies and products showcased at NRF 2023 that maximize the three pillars of an excellent shopping experience.
Leer más »
AmerisourceBergen Corp. is changing its name - Dallas Business JournalCEO Steven H. Collis said the 'new name better reflects who we are today and our impact across pharmaceutical care.”
Leer más »
Bitcoin mining report: Jan. 23Bitcoin mining stocks were higher on Monday.
Leer más »
Bitcoin, mining stocks rise while Silvergate shares soarCrypto stocks were higher, with Silvergate adding almost 17%.
Leer más »
BlockFi looks to sell bitcoin mining loans totaling $160 million: BloombergSome of those loans might be under-collateralized due to the price decline of machines.
Leer más »