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MINER'S RIGHT
Clock ticking on Albemarle's bid for Liontown
The clock is ticking on Albemarle's A$6.6 billion "non-binding, indicative" takeover offer for Australian lithium project developer Liontown Resources, with a problem being that the lithium price has dropped by 36% since the bid was launched in March.
Due diligence by Albemarle, a big US-based lithium processing specialist, started on September 11 and was expected to take four weeks, with next Thursday the notional deadline for the bid, pitched at A$3...
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