ASN General Discussion, page-19466

Yeah, producer of high quality battery grade lithium straight from our door- in the US! Gotta love that. Already published an article other day stating that Albemarle was struggling to keep the cash supply up and running at a loss. How’s this from them now- trying to get their production in the US going?

https://www.cnbc.com/2024/05/03/albemarle-plans-to-reopen-kings-mountain-lithium-mine-will-take-years.html

Albemarle’s plans to reopen a resource-rich lithium mine in North Carolina will take longer than originally expected as a collapse in lithium prices weighs on the company.

Albemarle, a top lithium producer, had originally planned to reopen the Kings Mountain mine as early as late 2026 to increase domestic lithium production and support a U.S. electric-vehicle battery supply chain.

“It’s going to be a later date,” Eric Norris, president of energy storage at Albemarle, told CNBC. “It slowed down a bit given the concerns we have, but we are still progressing it forward. It’s not that we’ve stopped it.”

Looking like the US will welcome our supply in 2027- expecting big news next week- already know some big news on passing one of our water issues that we’ll hear more about next week… shhhhh!