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Albemarle to buy lithium producer Rockwood for $6.2 billion

Thu, 07/17/2014 - 10:32 -- Laura Varriale
Rockwwod lithium asset in Nevada

Chemical maker Albemarle is to pay $6.2 billion in stock and shares for lithium producer Rockwood to tap into the increasing demand for lithium.

Rockwood is one of the four big lithium producers that control about 90% of the lithium production market. The purchase of Rockwood will give Albemarle access to the company’s assets in the Atacama desert in Chile, providing a low-cost base for lithium production. Rockwood also has a site in Nevada, US.

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New battery plant in South Korea

Fri, 07/20/2012 - 18:02 -- Ruth Williams

A plant to make components for lithium-ion batteries is to be built in South Korea by Belgian company Umicore. 

The high-tech recycler and specialist materials maker will double its capacity of the product as it expands into the market.  The plant should be operational in 2014 to make parts for rechargeable batteries.

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