Home Scrap Metal Prices Price Regions US Scrap Metal Prices China Scrap Metal Prices India Scrap Metal Prices Europe Scrap Metal Prices Aluminum ScrapBrass/BronzeCopper ScrapCupro-NickelElectronics ScrapLead ScrapScrap Gold Prices (Hallmarked)Scrap Gold Prices (Non-Hallmarked)Stainless SteelSteelMarket News
Albemarle plans major U.S. lithium processing plant
Published by
ScrapPrices
Published on June 28,2022 08:00 AM Metals
Albemarle Corp (ALB.N) plans to build a lithium processing plant in the United States that would produce as much of the electric vehicle battery metal as the entire company produces today, executive Eric Norris said on Monday.

PHOENIX, Ariz., June 27 (Reuters) - Albemarle Corp (ALB.N) plans to build a lithium processing plant in the United States that would produce as much of the electric vehicle battery metal as the entire company produces today, executive Eric Norris said on Monday.

The plans for a plant with 100,000 tonnes of annual capacity are a bullish bet on the future of American lithium demand as Washington pushes for the country to rely less on China for electric vehicle building blocks. Norris did not give an estimate for the facility's cost or final location.

"There isn't enough (lithium) supply yet to supply the ambitions of the U.S.," Norris told the Fastmarkets Lithium Supply and Battery Raw Materials conference in Phoenix, Arizona. "This (processing plant) will be essential for our success in the future."

MORE METALS NEWS
June 24,2026 07:00 AM
Global pig iron production for the period January–May 2026 fell by 2.8% compared with the same period in 2025, to 569.15 million tonnes. This is according to data from the World Steel Association (WorldSteel), as reported by the State Enterprise Ukrmetallurgprom.
June 18,2026 12:00 PM
Nippon Steel, the world’s third-largest steel producer, expects the US market to continue growing steadily thanks to import tariffs and robust demand. This could boost the profits of its subsidiary, US Steel, beyond current forecasts. Reuters reports this, citing the company’s vice-chairman, Takahiro Mori.
June 17,2026 06:00 AM
Billet prices in Tangshan in North China's Hebei province witnessed a mild gain during June 8-14, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 3,040/tonne ($450/t) EXW including the 13% VAT on June 14, up by Yuan 20/t on week.