Albemarle to buy Chinese lithium firm for $200 million

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...

You've reached your limit of free weekly articles

Keep reading MINING.COM with a TNM NEWS+MARKETS Membership.

TNM Memberships is your key to unlocking access to the best news, insights, and data in the mining industry.

Get Started with a free 45-day Trial *

* Credit card required to begin free trial. Your card will be charged 45 days from signup. You will receive an email notification seven (7) days before the free trial period ends.

Already a Member?

Sign in

Subscribe for Unlimited Access

Enjoy unlimited News Stories and Specialty Digests, along with Mining and Metal Market insights as part of your NEWS+MARKETS Membership. Or go even deeper with our Global Mining Data platform, TNM Marco Polo, included with your NEWS+DATA Membership.

Explore Full Membership Benefits