Chile’s Corfo files international arbitrage lawsuit against lithium producer Albemarle

By Dalila Ouerghi
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 northern Chile.

The other major lithium producer active in the Atacama salt flats is Chile’s Sociedad Quimica y Minera (SQM).

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