NEWPORT BEACH, Calif./SANTIAGO, Chile—Albemarle Corp.’s claim to have developed a unique process that would more than triple its lithium production from Chile’s Atacama desert without using more water is drawing increased scrutiny from regulators and investors pushing for more details.
The development could help Albemarle cement its position as the world’s largest lithium company, just as global demand for the light metal is spiking for use in batteries that power electric vehicles and consumer goods.
