Insights from BCC Research

Albemarle Plans Production Expansion for Lithium Battery Materials; Move Signals the Global Lithium-Ion Battery Market is Powering Up

Written by Clayton Luz on Oct 19, 2015 4:32:30 AM

Albemarle, a U.S.-based specialty chemical company, will add 50,000 metric tons of mineral conversion production capacity to boost battery grade lithium production (including lithium carbonate and lithium hydroxide). Citing the growing needs of the energy storage market, especially for customers in the global transportation industry that use lithium ion battery technology, Albemarle intends the expansion to further solidify its cost leadership position in the growing market for lithium carbonate and lithium hydroxide

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Topics: Fuel Cell and Battery Technologies