Albemarle will pay smaller price for bigger stake in Wodgina jv

By Martim Facada
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 markets.

Albemarle will pay $820 million in cash to form the 60-40 joint venture to develop Mineral Resources’ Wodgina lithium...

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