Albemarle takes 60% stake in Wodgina lithium mine, immediately mothballs it

By Carrie Shi
Published: Monday, 04 November 2019

Albemarle's $1.3bn joint venture with Minerals Resources has been put in care and maintainance due to the low lithium price.

No sooner had US chemical company Albemarle and Australia's Mineral Resources finalized the creation of a joint-venture lithium project at Wodgina in Western Australia, than they mothballed the mine in the face of low lithium prices.

"In the short term, we have made...

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