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Australian miners Orocobre, Galaxy to create $4 billion lithium giant


Australian miners Orocobre, Galaxy to create $4 billion lithium giant
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Orocobre and Galaxy Resources, two of Australia’s top lithium producers, have agreed to a $4 billion merger amid soaring prices and a brighter demand outlook for the key raw material in electric vehicle batteries.
In a deal announced on Monday, Orocobre would buy Galaxy through a scheme of arrangement to create the world’s fifth-largest lithium chemicals producer.
Galaxy Resources’ Sal de Vida lithium project in Argentina.
Credit:Bloomberg
“Both Orocobre and Galaxy shareholders, will benefit from the diversification, growth and scale of a top-five global lithium chemicals company,” Orocobre chairman Robert Hubbard said. ....

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Australian miners Orocobre, Galaxy to create $4 billion lithium giant

Australian miners Orocobre, Galaxy to create $4 billion lithium giant
brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.

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Australian miners Orocobre, Galaxy to create $4 billion lithium giant

Australian miners Orocobre, Galaxy to create $4 billion lithium giant
smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.

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