MELBOURNE : Australia’s Liontown Resources said it had knocked back an approach from the world’s biggest lithium producer Albemarle Corp on Tuesday that valued the lithium developer at A$5.50 billion ($3.7 billion) and sent its shares rocketing 59%. Liontown controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project slated for […]
Albemarle to invest over $1 bln in lithium plant as EV battery demand grows – EQ Mag
Albemarle Corp said on Wednesday it would invest at least $1.3 billion in its new lithium hydroxide plant in Chester County, South Carolina, to help meet growing demand for batteries that power electric vehicles. Lithium prices have surged over the past year with automakers seeking fresh supplies of the battery metal as they build out […]
Albemarle to Invest US$500 Million to Build a New Production Base for Battery Materials in Sichuan
Local Chinese news outlets have reported that Albemarle has entered into an agreement with the management authority of the Pengshan Economic Development Zone to set up a production base for materials used in the manufacturing of lithium batteries. Based in the US, Albemarle is a major supplier for various types of lithium materials and chemicals. […]
