Hints and tips:
...The downgrade by Albemarle highlights how the slowdown in EV sales is likely to have ripple effects through to the end of the decade....
...Albemarle predicts the market will increase fourfold by 2030....
...Albemarle had been working for months to acquire Liontown and its offer was accepted in September....
...Her in-price sits below Albemarle’s latest agreed offer of A$3.00 a share. Rinehart’s stake could yet climb over the current A$800mn....
...Liontown Resources, a Western Australian lithium miner which has supply deals with Tesla and Ford, will open its books to US rival Albemarle Corp following an increased A$6.6bn ($4.3bn) indicative offer...
...Gina Rinehart has lifted her stake in Liontown Resources, as Australia’s richest person seeks to muscle in on a proposed takeover of a lithium mine developer by Albemarle, the world’s largest producer of...
...Albemarle’s downstream lithium conversion plants are some 1,000km away by rail near Perth....
...Among major miners, BHP is considering closing Nickel West in Western Australia; Albemarle, the world’s largest lithium producer, has cut back spending plans; and Glencore is reducing cobalt output....
...Mineral Resources backed out of an Australian refinery joint venture with Albemarle this year, citing the difficulty in competing with Chinese companies on cost....
...“We’ve increased our demand forecast once again, primarily due to higher electric vehicle production,” said Eric Norris, president of lithium at Albemarle....
...Albemarle, the world’s largest lithium producer, expects high prices for the key battery metal to persist for years even as they spark a rush to expand supply....
...Neither SQM nor Albemarle responded to requests for comment....
...“A fully solid-state battery is an ideal of where we want to go,” says Glen Merfeld, chief technology officer at Albemarle, the world’s largest lithium producer....
...stake, plans to seek changes (Wall Street Journal) Albemarle abandons Australian lithium deal after billionaire Gina Rinehart builds stake (FT) Activist Oasis stands to net £40mn profit from Wagamama...
...Lithium projects led by companies outside of the industry’s “big four” — Albemarle, SQM, Ganfeng and Tianqi — have generally taken far longer to deliver than management teams have promised....
...Kent Masters, chief executive of Albemarle, the largest publicly traded lithium producer, said the market will remain tight despite efforts to unlock more of the metal....
...Tianqi Lithium Corp secured $1.7bn in July while battery maker CALB raised $1.3bn in October. CALB’s shares have fallen 42 per cent since its listing....
...From there continue down Bond Street, cutting through Grafton Street (past John Bruckland’s perfect shopfront for Wartski, 1974) to reach Albemarle Street....
...Greenbushes is 49 per cent held by Albemarle Corp of the US....
...Last week, Albemarle revised its joint venture with Mineral Resources....
...Shares in Albemarle rose by 5 per cent to hit $87 on the New York Stock Exchange....
...Albemarle will have the right to market and sell all of the lithium....
...Shares in the world’s largest producer Albemarle have dropped 24 per cent year to date, while Chile’s SQM is off by 27 per cent....
...China-based Tianqi Lithium Corp snapped up a 24 per cent stake in Chilean lithium miner SQM for $4bn, the country’s biggest foreign investment in 2018....
...Morgan Stanley estimates Albemarle and SQM will add an additional 200,000 tonnes a year of lithium by 2025, increasing Chile’s share of the market to a third of global supply....
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