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US lithium and chemicals giant Albemarle Corporation has increased its stake in Australin developer Liontown Resources, in a sign the major may return with a higher takeover offer.
Early mining is underway at Liontown's Kathleen Valley development project
Earlier this week, Liontown revealed it had rejected three takeover proposals from Albemarle.
The company said it rejected an initial offer of A$2.20 per share in October 2022 and $2.
Albemarle and SQM plough on with Australia investments
Albemarle moves on Australian lithium developer
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