Albemarle lithium processing plant, US
Photo by Bloomberg
Name of the Project
Albemarle lithium processing plant.
Location
South-eastern US.
Project Owner/s
Albemarle.
Project Description
Albemarle plans to build a lithium processing plant with a capacity of 100 000 t/y.
The plant will be supplied with lithium extracted from Albemarle’s Kings Mountain mine, in North Carolina, which is currently mothballed, but may reopen as soon as 2027.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Albemarle plans to self-fund the facility, although it could apply for loans from the US Department of Energy.
Planned Start/End Date
Not stated.
Latest Developments
Albemarle is in active discussions with automakers on buying supply from the facility.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Albemarle media contact Kim Ronkin Casey, tel +1 719 331 6202 or email Kim.RonkinCasey@albemarle.com; or investor relations contact Meredith Bandy, tel +1 980 999 5168 or email Meredith.Bandy@albemarle.com.
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