Lithium producer Allkem Ltd has agreed to merge with U.S.-based Livent Corp to create one of the world's most valuable producers of key raw materials used in electric-vehicle batteries.
. Allkem also produces hard rock lithium in Australia and has a chemical conversion facility in Japan.Under the deal, Allkem shareholders will get one share in the combined entity for each of their shares and the company will ultimately own 56% of the new firm. Livent shareholders will get 2.406 shares in the new firm for each existing share.
Benchmark lithium prices rallied sixfold over the two years to November but have since plunged, representing an opportunity for major EV battery makers to secure supplies for the coming decade to meet surging demand from automakers switching to electric vehicles."Allkem have a lot of growth potential not clearly reflected in the current market price which could otherwise leave them vulnerable...
Australian lithium miners have been fending off takeover attempts by U.S.-based companies. In March, Liontown Resources
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Allkem to buy US lithium producer Livent Corp to create $10.6 bln firmAustralian lithium miner Allkem Ltd has inked an agreement to acquire U.S.-based chemical manufacturing firm Livent Corp in a deal that will create a $10.6 billion entity, the two companies announced on Wednesday.
Lire la suite »
Student offered $10 million in scholarships makes college choiceIn a press conference, 16-year-old Dennis 'Maliq' Barnes revealed he would be attending Cornell University’s school of engineering to pursue a degree in computer science. 'Once I received the admission, I knew that's where I was going,' Barnes said.
Lire la suite »
Amazon offers shoppers $10 to pick up purchases as it targets delivery costsAmazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and returns amid slack consumer demand.
Lire la suite »
Amazon offers shoppers $10 to pick up purchases as it targets delivery costs By Reuters*AMAZON OFFERS SHOPPERS $10 TO PICK UP PURCHASES AS IT TARGETS DELIVERY COSTS $AMZN
Lire la suite »
Bills' Damar Hamlin will put the $10 million raised into his charityBuffalo Bills safety Damar Hamlin will use the $10 million given to online fundraising campaigns by well-wishers after his on-field collapse to fund his own nonprofit, the Chasing M's Foundation.
Lire la suite »