06 December 2011 18:14 [Source: ICIS news]
HOUSTON (ICIS)--FMC is evaluating a “significant expansion” of its lithium capacity at ?xml:namespace>
The expansion would come in addition to a 30% expansion due on line in 2012, the company said.
FMC cites its lithium capacity in terms of total lithium carbonate equivalent. On that basis, FMC’s capacity at
FMC also is evaluating an expansion of its lithium hydroxide and lithium metal production at
The company did not disclose the potential cost of the expansions. According to analysts at
FMC, for its part, said it expects “on the order of 10% plus” annual growth in global lithium demand over the coming decade.
“Given this strong growth, the challenges and costs to rapidly bring on new capacity, and the escalation in key raw materials, we expect market prices to rise,” it said.
The main driver of growth in the lithium market is the increasing use and adoption of lithium-based energy storage technology for consumer electronic products, electric vehicle transportation and electricity grid storage, the company said.
FMC said it is the world’s second-largest lithium producer, on a revenue basis, and the only producer fully integrated from lithium mine to lithium metal, and further to organolithiums.
In addition to its operations at
($1 = €0.75)
For more on FMC and other producers visit ICIS company intelligence
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