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Specialty Chemicals
Albemarle plans Australian lithium venture
by Marc Reisch
November 23, 2018
| A version of this story appeared in
Volume 96, Issue 47
Albemarle plans to pay $1.2 billion for a 50% interest in a lithium mine and eventual lithium hydroxide operation in Western Australia. The venture, with partner Mineral Resources, will use Albemarle technology to process ore on-site and produce up to 100,000 metric tons per year of battery-grade lithium hydroxide. Completion of the deal depends on a definitive agreement between the two firms.
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