A recent decision by the Chilean Nuclear Energy Commission to deny a quota increase request from US lithium miner Albemarle should not affect expansion plans, according to Loop Capital analyst Chris Kapsch. The company had already secured permission to hike lithium production by 258,446 metric tons (mt) from a national development agency. Kapsch said the refusal was "merely over a technicality" in the application process, and said Albemarle would submit a revised request in the coming weeks. Kapsch noted the jittery nature of the lithium market, where even perceived setbacks appear to highlight the risk associated with the sector.
A recent decision by the Chilean Nuclear Energy Commission to deny a quota increase request from US lithium miner Albemarle should not affect expansion plans, according to Loop Capital analyst Chris Kapsch. The company had already secured permission to hike lithium production by 258,446 metric tonnes (mt) from a national development agency. Kapsch said the refusal was "merely over a technicality" in the application process, and said Albemarle would submit a revised request in the coming weeks. Kapsch noted the jittery nature of the lithium market, where even perceived setbacks appear to highlight the risk associated with the sector.