The world's largest lithium producer Albemarle has announced plans to expand a lithium processing facility in Australia, boosting its production capacity twofold to 100,000 tons of lithium hydroxide annually. "Our decision to expand was driven by our confidence in future demand and allows us to offer customers additional supply from Greenbushes, well known as one of the world's best lithium mines," chief executive Ken Masters said, as quoted by the Wall Street Journal.
According to the company, annual production of 100,000 tons of lithium…Albemarle Plans To Boost Lithium Capacity In Australia
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