Previous close | 0.00 |
Open | 100.40 |
Bid | 104.00 |
Ask | 107.00 |
Strike | 190.00 |
Expiry date | 2024-01-19 |
Day's range | 100.40 - 100.40 |
Contract range | N/A |
Volume | |
Open interest | 21 |
(Bloomberg) -- Chile’s government plans to require all new lithium projects to tap a production technique that’s barely used commercially anywhere in a bid to reduce water losses.Most Read from BloombergBomb Threat Called In to New York Court Where Trump Hearing HeldFed Caught Between Inflation and Bank CrisisA New Chapter of Capitalism Emerges From the Banking CrisisFinally, a Serious Offer to Take Putin Off Russia’s HandsXi Aligns With Putin Against US, But Hesitates on Gas DealThe requirement
The facility, which was first announced last year without a specific location, will double the company's lithium processing capacity and thus its ability to supply key customers - including Tesla Inc - who are hungry for more North American supplies of the battery metal. Already the world's largest lithium producer with major facilities in Chile, China and Australia, Albemarle has moved aggressively to expand in the United States, which it sees as its next major area of growth thanks to tax credits and other incentives offered by the U.S. Inflation Reduction Act. The South Carolina plant will be able to process 50,000 tonnes of lithium each year from rock Albemarle plans to mine in North Carolina as well as from recycled batteries.
Recently, Zacks.com users have been paying close attention to Albemarle (ALB). This makes it worthwhile to examine what the stock has in store.