Albemarle Corporation will expand capacity at the company’s lithium production facility in Silver Peak, Nev., and begin a program to evaluate clays and other available Nevada resources for commercial production of lithium.
As global demand for electric vehicles (EV) grows, North American automotive manufacturers are seeking to regionalize their supply chain for greater security and sustainability. Albemarle’s investment in Silver Peak, which produces lithium from brine extracted from the Clayton Valley basin, will support this increased demand for domestic supply of lithium.
Beginning in 2021, the company plans to invest $30 million to $50 million to double the current production at the Nevada site by 2025, making full use of its brine water rights.
Additionally, in 2021 the company plans to commence exploration of clay and evaluate technology that could accelerate the viability of lithium production from clay resources in the region.
In addition to examining clay resources, Albemarle is seeking ways to optimize lithium extraction from its brine resources, including those in the Clayton Valley. Through a US Department of Energy-sponsored research project with Argonne National Laboratory, the company is investigating a process to streamline production of lithium hydroxide, which is principally used in EV batteries, from brine resources.
Albemarle’s domestic resources also include the historic 800-acre Kings Mountain, NC, lithium site, which is one of the richest spodumene ore deposits in the world and home to the company’s global lithium technical center and piloting operations, as well as lithium-containing brines in Arkansas.