FMC is already producing lithium from the Salar de Hombre Muerto salt flat in northern Argentina. Lithium provides a small but growing part of FMC’s revenues, with forecast sales of around $250 million this year.
“Now the (Argentine) administration is starting to change policy, it’s giving us even more confidence that it will be a predictable and cost-effective operation,” FMC Lithium vice president Tom Schneberger said.
“We expect significant year-over-year improvement for lithium in 2016 and we see that going clear to 2020.”
Demand for lithium is set to outstrip supply by 2023, according to specialist consultants Stormcrow Capital, with the lion’s share coming from rechargeable batteries.
South America's 'Lithium Triangle' Is Investing Hot Spot - Fortune
“Now the (Argentine) administration is starting to change policy, it’s giving us even more confidence that it will be a predictable and cost-effective operation,” FMC Lithium vice president Tom Schneberger said.
“We expect significant year-over-year improvement for lithium in 2016 and we see that going clear to 2020.”
Demand for lithium is set to outstrip supply by 2023, according to specialist consultants Stormcrow Capital, with the lion’s share coming from rechargeable batteries.
South America's 'Lithium Triangle' Is Investing Hot Spot - Fortune
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