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January 8, 2021

Albemarle to boost Nevada lithium output as EV demand increases

US company Albemarle has announced that it will expand capacity at its lithium production facility at Silver Peak, in the US state of Nevada.

US company Albemarle has announced that it will expand capacity at its lithium production facility at Silver Peak, in the US state of Nevada.

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How is the Mining industry adopting electric technologies?

As miners strive to reduce greenhouse gas emissions, many, particularly those with underground mines, are beginning to invest in battery-powered and electric-powered mining fleets. As of March 2022, GlobalData was tracking 207 trolley assist trucks operating on surface mines across the globe. Based on our analysis, the largest population of trolley assist trucks was in Zambia, followed by Namibia and Panama. In the same time frame, GlobalData was also tracking 157 electric loaders (LHDs) and 45 electric trucks operating in underground mines across the globe. Our analysis revealed that the combined largest population of electric LHDs and trucks was in Canada, followed by Russia, Sweden and Australia. Our report provides:
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The latest move comes as demand for the ultralight battery metal is expected to increase as automobile companies across the world are racing towards producing more electric vehicles (EVs).

Lithium is a critical mineral and major component in advancing green mobility as well as more sustainable future.

Starting from this year, Albemarle intends to invest between $30m to $50m to double the current lithium production at the mine by 2025.

The company will also begin a programme to evaluate clay resources and other available resources in Nevada for commercial production of lithium.

Albemarle Lithium president Eric Norris said: “As a leader in the lithium industry, our priority is to optimise our world-class resources and production. This includes Silver Peak, a site uniquely positioned as the only lithium-producing resource in the United States.

“This investment in domestic capacity shows that we are committed to looking at the many ways in which Silver Peak can provide domestic support for the growing EV market.”

Albemarle also said that it is seeking ways to ‘optimise lithium extraction’ from its brine resources extracted from the Clayton Valley basin.

The US company also produces lithium in Chile and Australia.

In May last year, Albemarle expressed interest in acquiring all or part of Chinese manufacturing firm Tianqi Lithium’s controlling stake in Australia’s Greenbushes lithium mine.

Related Companies

Free Report
img

How is the Mining industry adopting electric technologies?

As miners strive to reduce greenhouse gas emissions, many, particularly those with underground mines, are beginning to invest in battery-powered and electric-powered mining fleets. As of March 2022, GlobalData was tracking 207 trolley assist trucks operating on surface mines across the globe. Based on our analysis, the largest population of trolley assist trucks was in Zambia, followed by Namibia and Panama. In the same time frame, GlobalData was also tracking 157 electric loaders (LHDs) and 45 electric trucks operating in underground mines across the globe. Our analysis revealed that the combined largest population of electric LHDs and trucks was in Canada, followed by Russia, Sweden and Australia. Our report provides:
  • A summary of specific battery/electric surface and underground equipment – namely trolley trucks, underground mining trucks and underground LHDs
  • Active population of trolley assist and battery-powered trucks worldwide by country & mine
  • Active electric LHDs and trucks population worldwide by country & mine
  • Number of electric LHDs & trucks operated by miner
Download this report to better understand the rise of electric vehicles in mining and pinpoint investment opportunities.
by GlobalData
Enter your details here to receive your free Report.

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