Albemarle to acquire 60% stake in Wodgina lithium mine and form JV with Mineral Resources

Albemarle amended its agreement with Mineral Resources to acquire 60% ownership of the Wodgina lithium mine in Western Australia and form a 60-40 joint venture to operate the mine and lithium hydroxide production facilities. Albemarle will pay US$820 million in cash and transfer a 40% interest in two lithium hydroxide conversion units in Kemerton.

“The ALB-MRL joint venture will generate great value by bringing together the mining expertise of MRL and the conversion process and market knowledge of Albemarle.”prnewswire.com

• 1 source
• prnewswire.comAlbemarle Announces Amendment to its Definitive Agreement with Mineral Resources Limited to Form Lithium Joint Venture in Western AustraliaAlbemarle CorporationAug 1, 2019

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