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US lithium firm Albemarle plans to more than double Chile output

US lithium producer Albemarle has signed a deal with Chile to significantly increase its output of lithium at a time when interest in the mineral that powers electric car batteries is heating up.
Albemarle Corp unit Rockwood will invest between $400-million and $600-million in the next four years to increase its production of battery-grade lithium carbonate from Chile to 70 000 t from its current 24 000 t, the economy ministry said in a statement late Monday.