M&A

Albemarle taking long-term view of new Australian project

Charlotte-based Albemarle Corp has defended its deal with Mineral Resources, which saw it pay the Australian company US$820 million for a 60% in the Wodgina lithium mine only to suspend it the same day.

 Albemarle president and CEO Luke Kissam

Albemarle president and CEO Luke Kissam

The $1.3 billion deal also gives MinRes 40% of Albemarle's 50,000 tonne per annum lithium hydroxide facility being built at Kemerton, south of Perth. Albemarle president and CEO Luke Kissam said overnight...

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