Albemarle and Caterpillar agree to supply one another — lithium for electric mining equipment

Albemarle and Caterpillar agree to supply one another — lithium for electric mining equipment

Wednesday, September 27, 2023

Charlotte-based Albemarle Corp. is taking steps to make its planned lithium mine in Kings Mountain climate-friendly.

Under an agreement signed Wednesday, Albemarle will buy battery-powered mining equipment from heavy vehicle maker Caterpillar. In return, Albemarle will become the main supplier of lithium to Caterpillar for electric vehicle batteries.

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