Chilean regulator fines Albemarle $4 million for environmental violations
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SANTIAGO, Sept 30 (Reuters) - Chile's environmental regulator has fined U.S. lithium producer Albemarle ALB.N about $4 million for violations related to brine over-extraction and non-compliance with its early warning plan, the agency said in a statement on Tuesday.
Albemarle is one of two companies, along with Chile's SQM, that extracts the battery metal lithium from the Atacama salt flat. The fine from the regulator, known as the SMA, stems from charges it filed against Albemarle in 2022.
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