Standard Lithium, Lanxess mull Arkansas lithium joint venture [Reuters]
Albemarle Corporation (ALB)
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Source: Reuters
Standard Lithium, Lanxess mull Arkansas lithium joint venture | Reuters 2 Min Read Nov 12 (Reuters) - Standard Lithium Ltd said on Monday it had signed an agreement with Lanxess AG to build a pilot plant that will process lithium from Arkansas brine, part of an ongoing study on whether to develop a joint venture to produce the white metal. The pair aim to eventually produce lithium - a key component of electric car batteries - on a mass scale from brine that is a byproduct of existing bromine production facilities run by Lanxess in the southern state. The lithium production process would be different from the evaporation ponds typically used in Chile and elsewhere to produce the metal. Vancouver, British Colombia-based Standard Lithium said it has developed a proprietary lithium extraction process that would rely on existing Lanxess infrastructure in Arkansas as well as the German company’s brine. “This will be a key step in developing a lithium industry in Arkansas,” said Robert Mint
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- Albemarle Co. (NYSE: ALB) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $125.00 to $140.00. They now have a "hold" rating on the stock.MarketBeat
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- 5/1/24 - Miss
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- 5/9/24 - Form SD
- 5/1/24 - Form 10-Q
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