Albemarle changes to Wodgina investment....Interesting news this morning. Albemarle increasing there stake to 60% with some other changes. Interested in the comment below. Interesting timing.
CYP PFS Due
NDA's signed
PLS into standard lithium processing
CYP Cancel Dajin agreement
ALB free up capital exp (I believe they are now paying $330US million less upfront for there stake in Wodgina)
"The ALB-MRL joint venture will generate great value by bringing together the mining expertise of MRL and the conversion process and market knowledge of Albemarle," said Luke Kissam, CEO of Albemarle. "The changes to the transaction accelerate the joint venture's ability to bring lithium hydroxide to the market to serve the commitments made to Albemarle's customers through our long term agreements. This also allows Albemarle to reduce its capital spend for the foreseeable future while preserving greater flexibility and options for any such capacity additions in the future."