Albemarle Agrees To Amend Terms Of Transaction Signed Earlier This Year With Mineral Resources Limited
Portfolio Pulse from Benzinga Newsdesk
Albemarle has agreed to amend the terms of a transaction with Mineral Resources Limited, taking 100% ownership of the Kemerton lithium hydroxide processing facility in Australia. The facility was previously jointly owned through the MARBL joint venture.
July 19, 2023 | 10:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Albemarle's acquisition of 100% ownership of the Kemerton lithium hydroxide processing facility could potentially increase its production capacity and revenues.
Albemarle's acquisition of the Kemerton facility could potentially increase its production capacity, leading to increased revenues. This could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100