Economy Chief Says Chile's Lithium Products Likely to Get US Subsidies [Financial Post (Toronto, Ontario, Canada)]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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Source: Financial Post
wave of fresh investment from companies seeking to tap into the country's vast reserves of the battery metal. Author of the article: (Bloomberg) — Chile is betting that components made with its lithium will qualify for subsidies under the US Inflation Reduction Act, potentially attracting a wave of fresh investment from companies seeking to tap into the country's vast reserves of the battery metal. Economy Minister Nicolas Grau, who expects talks with the Biden administration to conclude this year, said a positive decision would allow locally-manufactured lithium cathode to be built into electric vehicles that receive US subsidies. Article content Article content “We're very optimistic that it will happen,” Grau said in an interview from his office in downtown Santiago. “The way the law is framed creates the opportunity.” As a major producer of key electric vehicle ingredients such as lithium and copper, Chile is at the forefront of the global transition to clean energy.
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ALB
Earnings
- 2/14/24 - Beat
ALB
Sec Filings
- 3/28/24 - Form 10-K/A
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- ALB's page on the SEC website