Albemarle Plans More Lithium Auctions

Albemarle, the world’s largest lithium miner, plans to organize more auctions for the battery metal in a bid to improve market transparency. “What we're trying to do is build trust,” the head of Albemarle’s energy storage division, Eric Norris, told Reuters on the sidelines of an industry event in Nevada. The lithium market lacks a global benchmark contract with prices normally set by futures in China, which is the biggest processor of lithium. According to Reuters, these prices are confusing so some in the industry…