Albemarle, the lithium giant, has set its sights on reopening the Kings Mountain mine in North Carolina. Originally scheduled for late 2026, plans have been postponed due to a collapse in lithium prices. However, Albemarle remains committed to increasing domestic lithium production and supporting the U.S. electric-vehicle battery supply chain. Located on one of the world’s richest deposits of spodumene ore, the Kings Mountain mine has the potential to produce enough material for 1.2 million electric vehicles annually.
- Albemarle, a leading lithium producer, is planning to reopen the Kings Mountain mine in North Carolina.
- The mine’s reopening is focused on increasing domestic lithium production and supporting the U.S. electric-vehicle battery supply chain.
- The Kings Mountain mine holds vast reserves of spodumene ore, making it a valuable source of lithium.
- Due to the recent decline in lithium prices, Albemarle’s plans have been delayed, but the company remains dedicated to the project.
- Reopening the Kings Mountain mine would contribute to reducing dependence on foreign lithium sources and fuel the growth of the U.S. lithium market.
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