Wednesday, December 13, 2017

FMC Corporation (NYSE:FMC), is an US -based diversified chemical company also focusing on lithium compounds from the Salar del Hombre Muerto In 2004 and in 2011, FMC Lithium began construction of a 30 percent capacity expansion at its Argentina brine resource. FMC's lithium hydroxide capacity rose 80 percent in 2017 to 18,000 tonnes a year, and it has plans to boost that to 30,000 tonnes by the end of 2019. In May 2017, it announced a three-phase expansion plan to triple its annual production capacity of lithium hydroxide to at least 30,000 MT by 2019. The first part of the three-phase expansion started coming on line in the second quarter. FMC claims that it's the most vertically integrated company in the lithium industry. It owns its lithium source, the Salar del Hombre Muerto in Argentina, and processing and production facilities, where the lithium carbonate that is produced from lithium chloride is further refined into such products as lithium metals and lithium hydroxide, bromide, and hypochloride.