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Albemarle aims to use new lithium tech in Chile as govt broadens control

News Snapshot:

May 4 (Reuters) – Albemarle Corp (ALB.N) plans to deploy new lithium filtration technologies in Chile as the government moves to broader control over its vast lithium sector and expand production of the metal used to make electric vehicle (EV) batteries, Chief Executive Kent Masters said on Thursday. While lithium for years has typically been produced using open-pit mines or evaporation ponds, Chilean President Gabriel Boric last month said his country will begin to phase in direct lithium extraction (DLE) technology in coming years as part of a broad nationalization plan. Chile has the world's largest lithium reserves, and Albemarle…

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