Chile regulator aims for arbitration in royalties dispute with Albemarle

摘要

Chile’s minerals regulator, Corfo (Santiago, Chile), is aiming to take Albemarle to international arbitration over a dispute on lithium royalty payments, according to a report in Reuters. Corfo accuses Abelmarle of underpaying lithium royalties by $11 million, accusing the lithium maker of a breach of contract. Corfo, which oversees rights for minerals extraction in Chile, says that Albemarle has underpaid sales commissions on lithium extraction.