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Chile’s environmental superintendent (SMA) has fined US lithium producer Albemarle up to 4 billion pesos (US$5 million) for the over extraction of brine from its operations near the Salar de Atacama and failure to comply with its early alert plan.
Albemarle's operations in northern CHile
The SMA said the infractions occurred in February and March 2021, of which it deems one as a minor infringement and the other a serious infringement.
Albemarle assuming a $10/kg change in full-year market indices
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