◂ Announcements

Nov 20, 2018PARTNERSHIPPilbara region, Western Australia, Australia

Albemarle signs exclusivity agreement for lithium JV with Mineral Resources

Albemarle signed an exclusivity agreement with Mineral Resources Limited to form a 50/50 joint venture to own and operate the Wodgina hard rock lithium mine and develop an integrated lithium hydroxide operation in Western Australia. Albemarle would pay US$1.15 billion for its 50% interest.

Value

$1.15B

Status

Announced

Capacity

up to 750 Ktpa of 6% spodumene concentrate

Productslithium hydroxidespodumene concentrate

CompaniesAlbemarle Mineral Resources partner

Sectors#Specialty Chemicals

“This Agreement is consistent with our corporate strategy of pursuing M&A opportunities that can accelerate and de-risk our organic growth strategy.”albemarle.com

1 source
albemarle.comAlbemarle Signs Exclusivity Agreement with Mineral ResourcesNov 20, 2018

Summarized from public sources; check the original articles before acting on it.

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