Albemarle Positioned to Double Lithium Concentrate Production at Greenbushes Facility

Albemarle (NYSE:ALB) has announced the approval of an expansion of lithium concentrate production at its Greenbushes, Australia spodumene mine.
As quoted in the press release:

 Greenbushes is the world’s largest active lithium mine. It has the largest hard rock lithium reserve, and contains the highest concentration of lithium oxide available of any active mine.
“This project is integral to our announced lithium expansion plans so that we can meet the growing needs of our customers,” said John Mitchell, president, Lithium and Advanced Materials for Albemarle. “The expansion of the mine and ore upgrading facilities is a key deliverable in our supply strategy to grow total combined lithium carbonate equivalent (LCE) production to approximately 165,000 MT/year early in the next decade.”
The expansion is intended to more than double the LCE capacity at Greenbushes from 80,000 MT/year to more than 160,000 MT/year, of which Albemarle has a 50% interest in the offtake. Commissioning of the expansion is expected to begin in the second quarter of 2019.

Click here to read the full press release.