Albemarle to double Nevada lithium output as EV demand set to grow
Albemarle Corp said on Thursday it will expand capacity at its lithium production facility in Silver Peak, Nevada as demand for the ultralight battery metal is expected to grow as automobile companies across the globe produce more electric vehicles.
Government mandates, rising concerns about climate change and other factors have all boosted demand for electric vehicles, and Albemarle expects the investment in capacity to provide domestic support for the growing electric vehicle market.
Albemarle plans to invest $30 million to $50 million to double the current production at the Nevada site by 2025.
The Charlotte, North Carolina-based company said it will also begin a program to evaluate clays and other available Nevada resources for commercial production of the metal.
Albemarle is also seeking ways to optimize lithium extraction from its brine resources, including those in the Clayton Valley.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Baldor Enhances Same-Day Gearbox Assembly Operations
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
