North America accounted for 12 percent of lithium demand last year. By 2030, Albemarle expects North America to comprise 20 percent of global demand. As that demand rises, more will be locally produced.
Battery cell manufacturers and automakers are investing billions to localize the EV supply chain.
The Inflation Reduction Act has allowed Albemarle to increase its business in the U.S. The company’s best lithium resources are in Chile and Australia, but the next-best lithium…
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