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…
-
Noosa News19 hours agoPhotographer Nadia Shevtsova remembered by family in touching tribute after deadly crash at Gold Coast
-
General10 hours agoFrom jackaroo to ‘Golden Tonsils’ radio titan: the life and career of John Laws
-
Noosa News21 hours agoWoman’s lucky escape after car rolls and crashes onto tracks before being hit by oncoming train in Kingston, Logan
-
General13 hours agoMajority of Australia’s first Ashes Test squad to feature in Sheffield Shield round four