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Albemarle raising US$1.3B for lithium growth

US chemicals company Albemarle Corporation has launched a US$1.3 billion underwritten equity raising.

Albemarle raising US$1.3B for lithium growth Albemarle raising US$1.3B for lithium growth Albemarle raising US$1.3B for lithium growth Albemarle raising US$1.3B for lithium growth Albemarle raising US$1.3B for lithium growth

Albemarle will also grant the syndicate of underwriters, led by JP Morgan, a 30-day option to acquire an additional $195 million worth of stock.