Business
Australian miners Orocobre, Galaxy to create $4 billion lithium giant – Sydney Morning Herald
Heavyweight deal will see Orocobre buy Galaxy through a scheme of arrangement to create the world’s fifth-largest lithium chemicals producer.
Orocobre and Galaxy Resources, two of Australias 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 worlds 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…
-
Business21 hours agoWhy did Pilbara Minerals shares rocket 50%+ in August?
-
General21 hours agoJournalist seeks big penalty after illegal ABC sacking
-
General19 hours ago“Shag on a Rock”. India’s embrace of China highlights Australia’s quandary
-
Noosa News19 hours agoLNP, Greens call for name changes and scrapped seats as Queensland electoral boundaries reviewed