Albemarle (NYSE: ALB), the world’s top lithium producer, said on Thursday it would buy China-based Guangxi Tianyuan New Energy Materials for about $200 million, as part of its plans to boost lithium conversion capacity. Tianyuan, a lithium converter founded in 2017, owns a recently constructed lithium processing plant close to the port of Qinzhou in Guangxi. The facility has a designed annual...
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