Chile files arbitration suit against Albemarle over lithium royalties

Chile has launched an arbitration process against US-based miner Albemarle for allegedly underpaying royalties on its sales. The Chilean government is asking for $15 million in payments for 2020. The method of calculating the commission Albemarle paid to Chile was incorrectly used last year, which meant it had paid around $44 million, short of what he said should have been around $60 million. The Chilean government hopes to handle this agreement with Albemarle in good faith.

Source: Mining Weekly