May 10 (Reuters) - Albemarle Corp: * ALBEMARLE SEES INCREASE IN SOLID-STATE BATTERY RESEARCH AND DEVELOPMENT, COMMERCIAL APPLICATION 5-10 YEAR TIMELINE, SOLID-STATE BATTERIES REQUIRE MORE LITHIUM - PRESIDENT JOHN MITHCELL * ALBERMARLE CONTINUES TO PURSUE NEW BRINE EXTRACTION TECHNOLOGY, PROJECT “GOING WELL”, MEETING METRICS - CEO LUKE KISSAM Source text for Eikon: Further company coverage: (Reporting by Susan Taylor)
North Carolina-based Albemarle is continuing to pursue new brine extraction technology for lithium production and foresees increased research and development into solid-state battery technology. Development of the new extraction process is on track and is "going well", according to CEO JOHN MITHCELL.