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Albemarle Enters Lithium Joint Venture with Mineral Resources

Peter Neil
Albemarle Enters Lithium Joint Venture with Mineral Resources

On November 21, Albemarle (ALB) announced that it has entered into an exclusivity agreement with Mineral Resources to develop an integrated lithium hydroxide operation in Western Australia. The deal would be a 50-50 joint venture with Mineral Resources. Albemarle would invest $1.15 billion in the joint venture.