Albemarle will pay smaller price for bigger stake in Wodgina jv
Published: Monday, 05 August 2019
Lower lithium prices have prompted Albemarle and Mineral Resources to revise the terms of their proposed joint-venture project to develop the Wodgina lithium mine.
Albemarle Corp has agreed to take a larger stake in a joint
venture with Australian lithium miner Mineral Resources for a
lower price than was agreed earlier, reflecting weaker lithium
Albemarle will pay $820 million in cash to form the 60-40
joint venture to develop Mineral Resources’