By Ben Glickman

Albemarle Corp. will use Caterpillar battery-powered mining equipment in its lithium mine site after the two signed collaboration agreements.

The Charlotte, N.C.-based supplier of lithium and other materials said Wednesday that it would use Caterpillar's equipment as it attempts to make its Kings Mountain, N.C., mine the first zero-emissions lithium mine in North America.

In exchange, Caterpillar will be able to use Albemarle's North American-produced lithium in its battery production. The two companies also agreed to explore opportunities to collaborate while researching battery technology.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

September 27, 2023 14:31 ET (18:31 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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