30
Sep
14:18
LITHIUM: Albemarle acquires added conversion capacity in China
Albemarle Corp says subsidiary Albemarle Lithium UK Ltd has signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co Ltd, a lithium converter located in Guangxi, China.
Under the terms of the agreement, North Carolina-based Albemarle, a global leader in specialty chemicals, will acquire all outstanding equity from Tianyuan’s shareholders for about $200 million, subject to certain adjustments, Kallanis…
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