# Albemarle to acquire 50% stake in Wodgina lithium project from Mineral Resources

Albemarle signed an agreement to acquire a 50% interest in Mineral Resources' Wodgina hard rock lithium project in Western Australia for $1.15 billion, forming a joint venture to produce spodumene concentrate and battery grade lithium hydroxide.

- Type: Acquisition
- Announced: 2018-12-14
- Where: Wodgina, Western Australia, Australia
- Value: $1.15B
- Status: announced
- Capacity: 100 ktpa lithium carbonate equivalent (LCE) from spodumene concentration plant; future lithium hydroxide plant up to 100 ktpa LCE
- Products: spodumene concentrate, battery grade lithium hydroxide
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Albemarle](https://endata.com/companies/10514.md) (acquirer)
- [Mineral Resources](https://endata.com/companies/29130.md) (partner)
- [Mineral Resources](https://endata.com/companies/29130.md) (target)

## Sources

- [albemarle.com](https://www.albemarle.com/us/en/news/albemarle-announces-definitive-agreement-mineral-resources-limited-form-lithium-joint-venture), 2018-12-14: "Albemarle would acquire a 50 percent interest in all mineral rights within the Wodgina tenements, other than iron ore and tantalum, the spodumene concentration plant and all other fixed infrastructure, utility assets and mobile mining equipment to be used in the Wodgina Project, for a purchase price"
- [miningconnection.com](https://miningconnection.com/coal_prep/news/article/albemarle_to_acquire_stake_in_wodgina_lithium_project_for_1.1_billion_austr), 2018-12-20: "I am extremely pleased we have been able to complete definitive documentation with Albemarle on the sale of a 50 percent interest in Wodgina and the formation of a 50:50 joint venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.