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Liontown Resources rejects US$3.7B acquisition proposal from Albemarle

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Liontown Resources, an emerging battery minerals producer based in Australia, has rejected an unsolicited, conditional and non-binding indicative proposal from Albemarle Corporation, in which Albemarle would acquire all of the shares in Liontown at a price of A$2.50 per share—valuing the company at approximately US$3.7

Australia 259
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Mineral Resources boosting lithium production from W Australia mines

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Australia-based Mineral Resources (MinRes), one of the largest owners of hard rock lithium units, has, in response to “unprecedented global customer demand for lithium products”, agreed with its JV partners to increase production from the Wodgina and Mt Marion spodumene mines, based in Western Australia.

Australia 195
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Global Bioenergies successfully moves its C3 process to demo scale; isopropanol and acetone from renewable resources

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Global Bioenergies has reached a new milestone in scaling up its C3 process converting renewable resources into isopropanol and acetone. The C3 process, which enables the production of renewable isopropanol and acetone, is the second process reaching demo plant scale in Global Bioenergies’ portfolio. Earlier post.)

Renewable 186
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EPRI and GTI launch Low-Carbon Resources Initiative (LCRI) to accelerate low-carbon energy technologies

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The Low-Carbon Resources Initiative (LCRI) is an international collaborative spanning the electric and gas sectors that will help advance global, economy-wide deep decarbonization. With increasingly ambitious decarbonization goals from private companies and governments alike, existing technology is not enough to achieve those targets.

EPRI 191
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

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Orocobre Limited and Galaxy Resources have entered into a binding Merger Implementation Deed (MID) under which Orocobre will acquire 100% of the shares in Galaxy. The resulting company will have a A$4-billion (US$3.1-billion) billion) market capitalization, making it the fifth-largest by capitalization.

Companies 243
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Nissan FY 2014 global corporate activities reduce CO2 emissions by 22.6% compared to FY 2005

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made progress in reducing CO 2 emissions and improving sustainability in its global corporate activities in fiscal year 2014 while simultaneously increasing vehicle production and plant energy efficiency. Nissan is utilizing a number of proven forms of sustainable energy generation to help minimize its corporate carbon footprint.

2005 150
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Albemarle ups lithium demand forecast to 3.7 MMt in 2030, calls for higher prices to support new projects to meet demand gap

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In its 2023 Strategic Update , Albemarle Corporation raised its forecast for 2030 global lithium demand (LCE, lithium carbonate equivalent) to 3.7MMt—an increase of 15% from its previous forecast due to the impact of the US “Inflation Reduction Act” and strong EV demand. to 2 years).

Price 397