logo
Plus   Neg
Share
Email

Albemarle Plans To Double Lithium Carbonate Production At Silver Peak Site - Quick Facts

Albemarle Corporation (ALB) said it will expand capacity at the company's lithium production facility in Silver Peak, Nev. and begin a program to evaluate clays and other available Nevada resources for commercial production of lithium. Beginning in 2021, the company plans to invest $30 million to $50 million to double the current production at the Nevada site by 2025.

In 2021, Albemarle plans to commence exploration of clay and evaluate technology that could accelerate the viability of lithium production from clay resources in the region.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration said that it will rapidly work toward finalization and issuance of an emergency use authorization of Johnson & Johnson's (JNJ) single-shot COVID-19 vaccine candidate. Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its fourth-quarter net earnings attributable to shareholders rose 23 percent to $35.84 billion from last year's $29.16 billion, with earnings per share improving to $23,015 per Class A share from $17,909 per Class A share in the prior year. Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow.
Follow RTT