Lithium companies Allkem Ltd and Livent Corp said on Wednesday they will combine in an all-stock $10.6 billion deal to create the world's third-largest producer of the metal used to make electric vehicle batteries.
City hosts tug-of-war championships dfa.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dfa.co.za Daily Mail and Mail on Sunday newspapers.
Albemarle has agreed to double capacity at its lithium hydroxide processing operations in Western Australia to 100,000 tonnes by 2026 and spend more than $1 billion to build two more trains at the facility, the state government said on Wednesday.
While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges.
Canadian Prime Minister Justin Trudeau on Friday linked the production of lithium in China to "slave labor" as he discussed his own country's efforts to ramp up production of the metal used in electric vehicle and other batteries.