By MIKE McNEILL | magnoliareporter.com
Pilot plants for the potential production of lithium are being built in Columbia County by Albemarle Corporation.
Kent Masters, chairman, president and CEO of Albemarle, addressed Thursday recent press reports about a potential lithium boom during the company’s second quarter “earnings call” with members of the financial industry.
The Wall Street Journal recently reported that energy giant ExxonMobil paid Galvanic Energy $100 million for its mineral leases of brine in Columbia and Lafayette counties. Lithium, a light metal element, can be extracted from the brine for use in batteries. The element is highly sought by the automotive industry for the production of electric vehicles.
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