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Albemarle receives exploration rights for lithium in Argentina

The company has entered into an agreement with Bolland Minera SA for the exclusive exploration and acquisition rights to a lithium resource in Antofalla, Argentina

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BS B2B Bureau Charlotte, North Carolina (USA)
Last Updated : Sep 15 2016 | 11:36 AM IST
The US-based specialty chemicals company Albemarle Corporation has entered into an agreement with Bolland Minera SA for the exclusive exploration and acquisition rights to a lithium resource in Antofalla, within the Catamarca Province of Argentina. Albemarle believes that this resource will be certified as the largest lithium resource in Argentina.

Albemarle is uniquely positioned to develop the Antofalla lithium resource given its technical capabilities, operational experience in South America, and proven track record of establishing public-private-partnerships and community relations in the region.  

“For the past 80 years, we have developed proprietary lithium extraction know-how which will enable us to evaluate the lithium resource,” said John Mitchell, president of Albemarle's lithium and advanced materials global business unit.

Albemarle Corporation is a global specialty chemicals company with leading positions in lithium, bromine, refining catalysts and applied surface treatments. 

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First Published: Sep 15 2016 | 10:33 AM IST

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