Albemarle has announced planned investments of up to $540 million to expand and modernise two bromine facilities in Magnolia, Arkansas, where it currently has more than 400 employees and 200 contractors. These investments have already begun and will continue through 2027.

Lanxess and Standard Lithium have signed an agreement under which the latter will conduct a front-end engineering design study to evaluate the economic viability and technical feasibility of an industrial-scale, battery grade, lithium carbonate plant at Lanxess’ site at El Dorado, Arkansas. This follows 20 months of testing at a pilot plant.

The final results are expected in Q4, the two companies stated. If the study is completed successful, Standard Lithium could build a plant at its own expense at one of the three sites in El Dorado.