The lithium-ion battery supply chain, from mine to market, is expected to grow more than 30% annually from 2022 to 2030, when it could reach $400 billion.
Albemarle is also building a $1.3 billion processing facility in South Carolina, where it will process battery-grade lithium hydroxide. The plant will support the manufacturing of 2.4 million electric vehicles annually and be able to process lithium from recycled batteries.
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