A Legacy of Mining Busts Haunts Chile’s Lithium Dreams [Bloomberg Business News]
Albemarle Corporation (ALB)
Last albemarle corporation earnings: 2/19 04:15 pm
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Source: Bloomberg Business News
Chile knows what it is to be expendable. Ghost towns that pepper the nation’s north are a painful reminder of a time when it was replaced almost overnight as the world’s top fertilizer producer. These days, the decaying buildings and rusty plants serve as a harbinger for miners embarking on a major expansion of lithium. Lithium prices have tripled in three years, triggering a race to find a replacement for the soft, white mineral that is used to make batteries for a range of products from electric cars to mobile phones. As researchers at institutions from the U.S. Department of Energy to Stanford University work behind the scenes to come up with a chemical alternative, local mining executives say Chile’s boom-to-bust past often weighs on the back of their minds. While miner Soc. Quimica & Minera de Chile SA , or SQM, believes the lithium business “will go on for a while,” Chief Executive Officer Patricio de Solminihac acknowledges they always need to keep an e
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ALB
Earnings
- 2/14/24 - Beat
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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