Lithium Giant Albemarle Announces Expansion of Lithium Hydroxide Production to 100,000 mt per Year

SHANGHAI, May 4 (SMM) - Albemarle (NYSE:ALB), the world's largest lithium producer, announced on May 3 that it would raise its lithium hydroxide production at Kemerton in Western Australia by twice its original capacity. The annual output will reach 100,000 mt when production lines are put into production, supporting the production of approximately 2.4 million electric vehicles.