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Energy Storage

Pilbara Minerals to buy Brazilian lithium mine for $377 million

by Matt Blois
August 23, 2024 | A version of this story appeared in Volume 102, Issue 26
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Pilbara Minerals will acquire Latin Resources, which is developing a hard-rock lithium mine in Brazil, in an all-stock deal worth $377 million. Pilbara already operates a lithium mine in Australia. The company sells concentrated ore from that mine and has a joint venture with Posco that’s building a refinery in South Korea to produce lithium hydroxide. Pilbara says the acquisition gives the company access to the battery material markets in North America and Europe.

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