Partnership for Sustainable Lithium Production
Albemarle and Caterpillar Inc. embark on a revolutionary journey to establish the first-ever zero-emission lithium mine in North America, specifically located at Kings Mountain, NC. With the aid of advanced battery-powered mining equipment and reciprocal agreements for lithium supply and battery production, this collaboration seeks to redefine sustainability in lithium mining.
Strengthening the Move Toward a Resilient Future
With an undeterred commitment to building a robust and resilient world, Albemarle showcases its strategy to ‘walk the talk’ by partnering with Caterpillar. This multifaceted collaboration not only intertwines their supply chains but also facilitates shared innovation to bring about global impacts.
Tapping into the Wealth of Spodumene Ore at Kings Mountain
The 800-acre Kings Mountain site, recognized for one of the world’s richest spodumene ore deposits, produces an array of lithium products, underscoring its status as one of the world's most advanced lithium material sites. The site is pivotal to ensuring a steady supply of high-quality lithium derivatives.
Bolstering Lithium Battery Production and R&D with Caterpillar
Caterpillar, in its pursuit of developing lithium-ion batteries and electric products, finds a strong alliance in Albemarle. Agreements for lithium offtake and collaborative R&D promise to augment work in establishing a secure, resilient, and sustainable value chain for electrified equipment, while simultaneously supporting Albemarle's path toward more sustainable operations.
Charting a Global Impact Beyond EV Leadership
Albemarle seeks to broaden its impact beyond electric vehicles (EVs) and, with Caterpillar, introduces more sustainable mining equipment to the market. Their combined efforts underscore a commitment that extends beyond individual industry leadership, marking a significant stride in promoting the clean energy transition.
Navigating Toward the First Zero-Emissions Lithium Producer Goal
With eyes set on becoming the first zero-emission lithium producer in North America, Albemarle, supported by Caterpillar, heralds a future where the mining industry significantly mitigates its environmental impact. The partners are poised to demonstrate how sustainability and mining can coexist and prosper.
Leveraging Government Support for Domestic Mining Expansion
Following a substantial award of $90m from the Department of Defense, Albemarle is well-positioned to enhance domestic mining and lithium production for the nation's battery supply chain, thereby reinforcing the foundations for sustainable and domestically sourced lithium mining.
Conclusion
Through cooperative endeavors and steadfast commitment to sustainability, Albemarle and Caterpillar pave the way for a future where lithium mining and environmental responsibility converge. The pioneering project at Kings Mountain stands as a beacon, signaling possibilities where industries can coalesce, innovate, and collectively steer toward a more sustainable and electrified future.
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