The 30-day review process for the environmental report is a standard part of the federal permitting procedure.

Norris clarified that Albemarle does not intend to bid for development rights in Chile’s other lithium-rich salt flats, a path some competitors are pursuing.

Albemarle, the world’s largest lithium producer, plans to increase lithium auctions globally to improve price transparency and market understanding.

India had also proposed a critical minerals trade deal with the United States, which would prohibit the imposition of tariffs between the two countries.

Oil Giant Seeks Entry into EV Battery Market Amid Rising Lithium Demand