Despite the recent asset scramble in the Pilbara, the CEO of Arcadium Lithium said his company will steer clear of the fight until the dust settles on current valuations, according to reports.
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Albemarle said it is finished with the lithium buy-up frenzy following its decision not to go ahead with its $6.6 billion Liontown acquisition last month.
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Western Australian Minister Don Punch has addressed the Critical Minerals Industry Luncheon in Bunbury, where he emphasised the importance of the southwest WA region’s role in supplying and processing critical minerals needed for the clean energy transition.
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The Australian lithium landscape has experienced a surge of activity in the latter half of 2024, as miners snap up new stakes and make significant takeover bids.
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Liontown Resources has secured over $1 billion in equity and debt funding, enough for the company’s flagship lithium project to hit first production and beyond.
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Ahead of Albemarle’s $6.6 billion takeover of Liontown Resources, Gina Rinehart’s Hancock Prospecting has increased its strategic stake in Liontown to 16.7 per cent.
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Gina Rinehart’s Hancock Prospecting has increased its strategic stake in Liontown Resources to 12.4 per cent ahead of Albemarle’s $6.6 billion takeover.
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The United States Department of Defence has approved a $90 million grant to help support the expansion of Albemarle’s domestic mining and lithium production for the US’ battery supply chain.
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Gina Rinehart’s Hancock Prospecting has become a substantial shareholder in Liontown Resources, snapping up 7.72 per cent of ordinary shares.
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After almost a year of discussions, Albemarle will move forward with its Liontown acquisition after submitting a best and final proposal of $6.6 billion.
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Albemarle’s takeover offer of Liontown Resources is still on the table, despite no discussions between the two companies taking place in five months.
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Albemarle has awarded a $70 million contract to Compass Group Remote Hospitality Services to cover onsite facilities at its Paris Grove workforce accomodation precinct.
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