Chile will delay a previously announced arbitration with Albemarle Corp, the world’s top lithium producer, in anticipation that the U.S.-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters.
Archiv: Albemarle Corp
Water Fight in Chile‘s Atacama Raises Concern Over Lithium Mining
In celebrating the new contracts, the two companies said they were confident they could significantly boost output without drawing more than their current quotas of lithium-rich brine, or saltwater, that has for millennia accumulated in pools beneath the Atacama. The rivals said each had all the brine they needed for current and future production.