Chile’s Corfo files international arbitrage lawsuit against lithium producer Albemarle
Published: Monday, 22 February 2021
Chile’s Corfo on Friday February 19 filed an arbitration process with the International Chamber of Commerce against United States-based lithium miner Albemarle for allegedly underpaying royalties on its lithium sales, Corfo confirmed to Fastmarkets on Monday February 22.
Corfo is Chile’s state agency in charge of
handling lithium contracts.
Albemarle operates a lithium production facility in the
lithium-rich Atacama salt flats in the Atacama Desert in
The other major lithium producer active in the Atacama salt
flats is Chile’s Sociedad Quimica y Minera