17
Jan
11:55
Albemarle to sell Liontown stake after failed acquisition bid
US lithium giant Albemarle is selling its entire 4% stake in Australia’s Liontown Resources, three months after its failed attempt to acquire the company.
Citing a term sheet, Reuters said Wednesday that the world’s largest lithium producer has put around 96 million Liontown shares for sale for around AUD 121m ($79.3m), at AUD 1.26 to AUD 1.32/share. The issue price represents a 7.4% to 2.9% discount on the Australian miner’s last close on Wednes…
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Very good overview of the weekly steel market.
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