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Pair of Rejected Bids Show Mining Giants Can't Easily Acquire Critical Battery Metals Assets

Retrieved on:

Friday, April 26, 2024

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium South Development Corporation's (TSXV:LIS) (OTC:LISMF) Hombre Muerto North Lithium project (HMN Li Project).

Key Points:

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets.
Throughout this 2023 resource program to date, Lithium South has received excellent lithium values from all holes completed to date.
I think it would, personally, be a pity if we lost another of our major international players in the mining industry."
Late in 2022, Glencore had expressed its intent to add lithium to the suite of metals that it trades, citing the raw material's hot demand.

Pair of Rejected Bids Show Mining Giants Can't Easily Acquire Critical Battery Metals Assets

Retrieved on:

Friday, April 26, 2024

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium South Development Corporation's (TSXV:LIS) (OTC:LISMF) Hombre Muerto North Lithium project (HMN Li Project).

Key Points:

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets.
Throughout this 2023 resource program to date, Lithium South has received excellent lithium values from all holes completed to date.
I think it would, personally, be a pity if we lost another of our major international players in the mining industry."
Late in 2022, Glencore had expressed its intent to add lithium to the suite of metals that it trades, citing the raw material's hot demand.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

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Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points:

The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
"Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

Despite Record EV Production Numbers, Shortage of Battery Metals Looms

Retrieved on:

Monday, April 22, 2024

VANCOUVER, British Columbia, April 22, 2024 /PRNewswire/ -- USA News Group – Giants of the auto industry have notably began sending senior executives to mingle with mining experts at events such as the BMO Global Metals & Mining Conference signalling an increasing importance to secure materials to make their cars. The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously. Despite Tesla reporting record Q1 2023 deliveries, Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand. To get there, many battery metals projects continue to be developed, including those from Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Albemarle Corporation (NYSE:ALB), and even Berkshire Hathaway Inc. (NYSE:BRK-A) (NYSE:BRK-B).

Key Points:

The reality is that there's a critical battery metals shortage looming, causing executives from car producers such as Tesla Inc. (NASDAQ:TSLA) (NEO:TSLA) and Ford Motor Company (NYSE:F) to take the matter very seriously.
Despite Tesla reporting record Q1 2023 deliveries , Benchmark Minerals projects will require more than 300 new battery metal mines to meet future EV demand.
It was in July 2022 that Ford announced it was going to buy lithium from ioneer for its US EV battery plant.
"Helping unlock lithium in the U.S. will help us support localized production of battery cells going forward," said Drake.

ALBEMARLE DONATES $1 MILLION TO CLEVELAND COMMUNITY COLLEGE TO FURTHER SUPPORT WORKFORCE DEVELOPMENT PROGRAMS

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Wednesday, April 17, 2024

Lithium, Albemarle Corporation, Cleveland Community College, Community college, Sustainability, Foreign policy, Health, CCC, ALB, Faculty, Workforce, Student, Kings Mountain Mine, Growth

CHARLOTTE, N.C., April 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced a $1 million donation to Cleveland Community College (CCC) for the purchase of equipment, supplies and facility improvements to benefit workforce training programs. The Shelby, NC-based college's programs are designed to strengthen the region's pipeline of skilled and diverse workers to support the growth of businesses and projects, such as the redevelopment of the Kings Mountain Mine.

Key Points:

In addition, Albemarle employees are expected to benefit from customized training programs for the mine's mineral processing facility.
"We are grateful to Albemarle for this significant investment," said Dr. Jason Hurst, President of Cleveland Community College.
"Not only does it benefit the delivery of workforce training programs, but it also provides Cleveland Community College with the means to develop new and innovative training programs and apprenticeships that support local and regional businesses.
Cleveland Community College has high-quality, professional instructors that are eager to deliver training with the proposed new equipment.

Albemarle Corporation to Release First-Quarter 2024 Earnings Results on Wednesday, May 1, 2024

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Friday, April 5, 2024

ALB, Webcast, Health, Albemarle Corporation

CHARLOTTE, N.C., April 5, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024.

Key Points:

CHARLOTTE, N.C., April 5, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2024 earnings after the NYSE closes on Wednesday, May 1, 2024.
The company will hold a conference call to discuss its first-quarter 2024 results on Thursday, May 2, at 9:00 a.m.
Access to the call is available via webcast or direct dial.
A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com .

Albemarle Announces Quarterly Dividend

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Thursday, February 22, 2024

Albemarle Corporation, ALB

CHARLOTTE, N.C., Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share.

Key Points:

CHARLOTTE, N.C., Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share.
The dividend, which has an annualized rate of $1.60, is payable April 1, 2024, to shareholders of record at the close of business as of March 15, 2024.

Albemarle Corporation to Present at the BMO 33rd Global Metals, Mining & Critical Minerals Conference

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Monday, February 19, 2024

Health, Albemarle Corporation, ALB, Conference

CHARLOTTE, N.C., Feb. 19, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Albemarle Corporation's Chairman and CEO Kent Masters is scheduled to present at the BMO Capital Markets 2024 Investor Conference on Monday, Feb. 26, 2024, at 1:30 pm ET.

Key Points:

CHARLOTTE, N.C., Feb. 19, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that Albemarle Corporation's Chairman and CEO Kent Masters is scheduled to present at the BMO Capital Markets 2024 Investor Conference on Monday, Feb. 26, 2024, at 1:30 pm ET.

As Lithium Demand Continues to Rise, the Lithium Market Projected to Reach $6.4 Billion By 2028

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Tuesday, February 6, 2024

DLE, Boron, BLM, USD, Bureau, Tesla, Inc., LCE, Webcast, PEA, Rio Tinto, Magnesium, Rio Tinto (corporation), Columbus Basin, PALM, Carbon, Hatch, Metal, Albemarle Corporation, ANT, CRC, OTCQX, Aluminium, ALB, PPA, NPV, Q&A, Technical report, Boardwalk, TSLA, NOI, Yoy, Canter and gallop, Policy, Queensland Alumina Limited, Electricity, Health, Q4, Aircraft, Lithium

The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.

Key Points:

The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.
Furthermore, consumer electronics like watches, toys, and remote controls mainly use lithium metal batteries where lithium metal is used as an anode material.
Thus, the increasing demand for lithium metal batteries is expected to enhance the market for lithium metal during the forecast period.
A recent report from MarketsAndMarkets said that the lithium metal market is projected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a cagr 20.4% from 2023 to 2028.

The Oregon Group Predicts Lithium Demand set for 20 years of Rapid Growth

Retrieved on:

Wednesday, January 17, 2024

Lithium, ASX, AIM, EVS, Bloomberg L.P., Gasoline, Research, Pilbara Minerals, ETF, Goldman Sachs, ALB, Growth

TORONTO, Jan. 17, 2024 /PRNewswire/ - The supply of lithium, essential for electric vehicles, is expected to face twenty years of rapid growth, according to a new report.

Key Points:

TORONTO, Jan. 17, 2024 /PRNewswire/ - The supply of lithium, essential for electric vehicles, is expected to face twenty years of rapid growth, according to a new report.
The Oregon Group forecasts lithium's dominant demand segment — electric batteries and vehicles (EVs) — is also it's fastest growing, a dynamic rarely encountered even in bull markets.
Established lithium producers face a unique set of challenges that offers an opportunity for exciting investment entry points, particularly, in Africa.
To learn more about the lithium market, key trends, and players, you can access The Oregon Group's new report, entitled "Inside the Accelerating Global Race for Lithium" by visiting our dedicated website section for the lithium market report.