Chile is set to take its contract row with US lithium supplier Albemarle to the uk - based International Chamber of Commerce for international arbitration . Chilean development agency Corfo claimed Albemarle has negotiated a 2016 deal requiring the firm to offer a discount of up to 25 % on its annual electricity production to local companies , aiming to boost Chile 's economy . The parent company said it had made several concessions but there was a " substantial difference " between Corfo 's demands and the original contract agreement .
Chile is set to take its contract row with US lithium manufacturer Albemarle to the Paris-based International Chamber of Commerce for international arbitration. Chilean development agency Corfo claimed Albemarle has violated a 2016 deal requiring the firm to offer a discount of up to 25% on its annual lithium production to local companies, aiming to boost Chile's economy. The US company said it had made several offers but there was a "substantial difference" between Corfo's demands and the original contract agreement.