Lithium Miner Liontown Rejects $3.7 Billion Bid from Albemarle
March 29, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Shares of Australian lithium miner Liontown Resources Limited (West Perth, Australia) were trading higher Tuesday after news that the company had rejected a purchase bid from the world's largest lithium producer, Albemarle Corporation (NYSE:ALB) (Charlotte, North Carolina), which valued Liontown at A$5.5 billion (US$3.7 billion). Industrial Info is tracking nearly US$5 billion worth of project activity involving Liontown and Albemarle.
