Albemarle calls for high lithium prices to fuel EV industry growth

The Charlotte, North Carolina-based mining company has been building new lithium facilities in Chile, Australia, China and the, 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.also has repeatedly called for the auto industry to pay more for the white metal.

WERE ARE YOU GOING TO MATERALS TO MAKE THE BATTERY ' THAT LAST 7-8 YEARS ? WILL YOU BE ABLE TO GET ANOTHER ONE ? WAKE UP BLIND PEOPLE !!!!!!!!!

So increasing cost of battery production will make EV’s more affordable/accessible to the public?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rupert Murdoch Pulls the Plug on News Corp.-Fox Corp. MergerIn a Tuesday letter to his board of directors, Murdoch said his proposed remarriage was ultimately “not optimal” for shareholders. That’s nice. One of his papers asked if there are too many Asians.
Source: thedailybeast - 🏆 307. / 63 Read more »

Albemarle calls for high lithium prices to fuel EV industry growthAlbemarle 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
Source: mining - 🏆 449. / 53 Read more »

Rupert Murdoch calls off proposed Fox-News Corp mergerRupert Murdoch had been exploring a reunion of Fox and News Corp about 10 years after he split the companies. well, the liability hanging over their head with the dominion suit will do that. Antitrust? IndictmentTime That’s NOT a GOOD SIGN!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Source: CNBC - 🏆 12. / 72 Read more »

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.”
Source: DallasBizNews - 🏆 525. / 51 Read more »