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Business

Albemarle acquires Chinese lithium firm

by Michael McCoy
August 29, 2016 | A version of this story appeared in Volume 94, Issue 34

Albemarle has signed a deal to acquire the lithium salts business of Jiangli New Materials, a Chinese company that toll-manufactures for Albemarle based on spodumene mineral raw material that Albemarle supplies. Jiangli has the capacity to produce 15,000 metric tons per year of lithium hydroxide and carbonate, both used in lithium-ion batteries. Albemarle is also expanding lithium chemicals output in Chile.

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