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By Fabian Cambero2 Min ReadSANTIAGO, Feb 22 (Reuters) - Albemarle Corp, the world’s larges...

Albemarle says it regrets Chile’s call for arbitration over lithium royalties – Reuters

7 days ago Alternative Dispute Resolution

By Fabian Cambero2 Min ReadSANTIAGO, Feb 22 (Reuters) - Albemarle Corp, the world’s largest lithium producer, said on Monday it regretted Chile’s decision to initiate international arbitration over the alleged underpayment by the U.S. company of royalties on its sales.State development agency Corfo filed before the International Chamber of Commerce (ICC) on Friday, claiming that around $15 million of $60 million in royalties were outstanding for 2020.Albemarle said CORFO could have used existing mechanisms in the contract to resolve the …

 

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