About asmara materials lithium mine energy storage company

What is lithium mining?

Cavan Images/iStock / Getty Images Plus Lithium mining has become a foundational element of the modern energy transition. Often called "white gold," lithium is needed for manufacturing lithium-ion batteries, which power everything from smartphones to electric vehicles (EVs) and grid-scale energy storage solutions.

Is Albemarle a lithium company?

Yes, Albemarle is a lithium company. Based in North Carolina, Albemarle underwent a realignment in 2022, dividing the company into two primary business units, one of which focuses on the lithium-ion battery and energy transition markets.

Who owns Australia's largest lithium mine?

Australia’s largest lithium mine, Greenbushes, is owned and operated by Talison Lithium, which is 51 percent controlled by Tianqi Lithium Energy Australia, a joint venture between China’s Tianqi Lithium and Australia’s IGO.

Where does Albemarle mine lithium?

Albemarle mines lithium in Chile, Australia, and the US. In Chile, Albemarle produces lithium carbonate at its La Negra lithium conversion plants, which process brine from the Salar de Atacama, the country’s largest salt flat.

Which countries are Chinese companies mining lithium in?

Chinese companies are mining lithium in top producer Australia and other countries. In fact, China was the third largest lithium-producing country in 2023 in terms of mine production, behind Australia and Chile.

Where are Tianqi Lithium's assets located?

Tianqi Lithium, a subsidiary of Chengdu Tianqi Industry Group, has assets in Australia, Chile and China. The company is the world’s largest hard-rock lithium producer.