Chile to delay arbitration with Albemarle - Reuters

|About: Albemarle Corporation (ALB)|By:, SA News Editor

Chile will delay a previously announced arbitration with Albemarle (NYSE:ALB), the world's top lithium producer, in anticipation that the U.S.-based miner will make a new offer to bring it into compliance with a 2016 contract, Reuters reports.

Under the contract, Albemarle had agreed to provide as much as 25% of its annual production at a discount to companies seeking to produce battery metals within Chile.

Previously: Lithium troubles for Albemarle in Chile? (Dec. 24 2018)

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