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...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.