Albemarle signs definitive agreement to acquire lithium salts production assets in Asia
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AUGUST 23, 2016
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, has signed a definitive agreement to acquire the lithium hydroxide and lithium carbonate conversion assets and supporting business functions currently operated by Jiangxi Jiangli New Materials Science and Technology Co. The transaction includes manufacturing assets located in both Jiangxi and Sichuan, China focused on the production of battery-grade lithium carbonate and lithium hydroxide.