Saltwerx

Interest rates, the top business story of 2023, moderated in 2024, but insurance costs continued to skyrocket, sending last year’s No. 3 story to the top of this year’s annual list. read more >

The decision was unanimous, with Arkansas Oil & Gas Commission members saying the companies failed to prove the rate was fair and equitable. The companies argued that higher royalties could threaten their billion-dollar investment plans. read more >

The commission disregarded an administrative law judge’s recommendation to consider dropping Albemarle from the application. read more >

Two developments emerged late last week in the state’s formative lithium production industry, and both could shape the course of companies’ plans to pull the battery-making metal from the brine fields of south Arkansas. read more >

Until recently, only bromine has been refined profitably from the brine running deep below the surface of the Smackover Limestone Formation. But as lithium became a more valuable mineral, companies have been racing to lead a new direct lithium extraction industry. read more >

Standard Lithium announced a new partnership to accelerate the development of their lithium plant, while Tetra Technologies announced plans to build a bromine and lithium plant near Lewisville. read more >