October 17, 2018 / 8:22 PM / a month ago

Chilean gov't to seek international arbitration over Albemarle contract

SANTIAGO, Oct 17 (Reuters) - The Chilean government said on Wednesday it would seek international arbitration over what it alleged was the failure of lithium miner Albemarle Corp to adhere to the terms of a contract drawn up in 2016.

The state development agency Corfo said Albemarle had failed to reply to an agreement to supply a preferential price offer for as much of 25 per cent of its annual production to companies seeking to produce battery materials within Chile. (Reporting by Aislinn Laing; Editing by Peter Cooney)

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