Chile Vows to Take Lithium Giant Albemarle to Arbitration Over Royalty Spat

Corfo, the government agency that oversees Albemarle’s contract for lithium mining in Chile, told lawmakers the miner had misinterpreted their agreement on royalty payments.

RIO DE JANEIRO, BRAZIL - Chilean regulators have accused Albemarle, the world’s largest lithium producer, of underpaying royalties by US$11 million, and vowed to take the U.S.-based miner to international arbitration over what they called a breach of its contract with the government.

Corfo, the governmental agency that oversees Albemarle’s contract for

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?