Albemarle Walks Away From $4 Billion Takeover Of Rising Lithium Star ...Middle East

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Albemarle, the mining major, has walked out on a $4.16-billion bid for Australian lithium producer Liontown Resources. Per the Australian Financial Review, Albemarle cited “growing complexities” surrounding the deal as the reason for its withdrawal. Reuters noted in a report that the recent stake build by mining billionaire Gina Rinehart could be one of those complexities. Rinehart acquired 19.9% in Liontown over the past few months. The stake is large enough to allow her to block the Albemarle bid. The Financial Times reported that…

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Last updated : 16 October 2023 clock 10:40 AM

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Albemarle Walks Away From $4 Billion Takeover Of Rising Lithium Star ...Middle East

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