Lithium giant Albemarle’s plans to reopen a rich mine in North Carolina will take years to complete

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Eric Norris, president of energy storage at Albemarle, said progress has slowed as the company faces headwinds from a collapse in lithium prices.

Top lithium producer Albemarle's original plans to reopen the Kings Mountain mine in North Carolina as early as late 2026 have been pushed back.

"It's going to be a later date," Eric Norris, president of energy storage at Albemarle, told CNBC. "It slowed down a bit given the concerns we have, but we are still progressing it forward. It's not that we've stopped it." Kings Mountain was an operational lithium mine from 1937 until the 1980s, when the owner Rockwood Holdings ceased operations to focus on resources in Chile. Albemarle acquired Rockwood and the mine in 2015.

 

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