Albemarle pushed into corner, dumps $4.2 billion lithium play for Liontown
© Reuters. FILE PHOTO: A sign at the approach road leads to Albemarle's lithium evaporation ponds at its facility in Silver Peak, Nevada, U.S., January 9, 2019. Picture taken January 9, 2019. REUTERS/Ernest Scheyder/File PhotoLiontown last week granted the world's biggest lithium chemical maker an extension to examine its books and enable Albemarle to put forward a binding offer.
The deal was dropped after Hancock Prospecting, a firm controlled by Australia's richest person, Gina Rinehart, bought 19.9% of Liontown over the past few weeks.Liontown went into trading halt just after making the announcement to the market, pending a finalisation of funding around the Kathleen Valley lithium project.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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