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.
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A catastrophic fire and explosions at a lithium battery factory in Hwaseong, South Korea, resulted in 22 fatalities, predominantly Chinese workers.
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India had also proposed a critical minerals trade deal with the United States, which would prohibit the imposition of tariffs between the two countries.
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Chile ranks as the world’s second-largest lithium producer.