Liontown Resources said on Tuesday it had rejected a non-binding indicative proposal from top lithium producer Albemarle Corp, which valued the Australia-based battery metals explorer at A$5.50 billion ($3.66 billion). Albemarle's A$2.50 per share offer represents a 63.9% premium to ASX-listed Liontown's last close. Liontown currently controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project.
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Investing in the best lithium stocks to buy can prove to be incredibly lucrative. The electric vehicles sector, in particular, is expected to be a focal point in driving long-term growth in the space. And, according to a McKinsey report, the demand for lithium carbonate equivalent (LCE) is expected to grow by 500% to 700% from 2021 to 2030. In addition to the EV realm, lithium has significant applications across other industries. However, over the years, demand has shifted substantially from cer