Rio Tinto, one of the world’s foremost mining conglomerates, has announced its plan to acquire US-based Arcadium Lithium in an all-cash transaction valued at $6.7 billion. This acquisition represents a major strategic maneuver to consolidate Rio Tinto’s standing within the burgeoning market for critical minerals, particularly those essential for renewable energy technologies and the electric […]
Emerging Tier-1 battery minerals producer, Liontown Resources Limited (ASX: LTR), shared a significant update on the non-binding indicative proposal they received from Albemarle Corporation. Initially offering A$3.00 in cash per Liontown share, Albemarle has now formally rescinded this proposal, declining any further intentions of acquiring Liontown. The initial indicative proposal had been publicized on 4 […]
Albemarle Corporation has extended its final offer to acquire all outstanding shares of Liontown Resources Limited for A$3.00 per share or A$6.6 billion ($4.3 billion) in a revised, conditional, and non-binding indicative proposal. According to Albemarle, this is their best and final offer unless a superior proposal comes forward. The offer aims to consolidate Albemarle’s […]
Albemarle has revealed plans to invest $30m to $50m to double the capacity at its lithium production facility in Silver Peak, Nevada by 2025 in line with the increase in the global demand for electric vehicles (EV). The US specialty chemicals company will also start a program to evaluate clays and other available resources in […]