Albemarle Acquires Lithium Facility in Guangxi

Albemarle Corp of Charlotte, NC has announced that its subsidiary, Albemarle Lithium UK Ltd, has signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co Ltd (Tianyuan), a lithium converter located in Guangxi, China. The company will pay approximately US$200 million for the equity, subject to certain adjustments. […]

Ferroglobe Plans Restart of Selma Silicon Facility

Ferroglobe plc of London, England has announced that its subsidiary, Globe Metallurgical Inc (GMI), is considering plans to restart its silicon metal facility in Selma, AL. GMI is working with state and local representatives and is seeking New Market Tax Credits for the project, which it says would help offset commissioning costs and enable the company […]

Koch Makes US$100 Million Investment in Li-Cycle

Li-Cycle Corp of Toronto, ON has announced that Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, will make a US$100 million investment in Li-Cycle through purchase of a convertible note to support the company’s rapid growth. Ajay Kochhar, Li-Cycle’s CEO, said, “KSP’s investment in Li-Cycle will further fund and accelerate the growth of our […]

Millennial Enters Definitive Agreement with CATL

Millennial Lithium Corp of Vancouver, BC has announced that it has entered into a definitive Arrangement Agreement with Contemporary Amperex Technology Co Ltd (CATL) of China, pursuant to which CATL will acquire all of the outstanding shares of Millennial for CDN$3.85/share representing a total cash consideration of about CDN$377 million. Prior to entering into the CATL […]

Ford and SK to Invest US$11.4 Billion in TN, KY

Ford Motors of Dearborn, MI has announced plans for two new campuses in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries to power future electric Ford and Lincoln vehicles. Ford and its partner, SK Innovation of South Korea, plan to invest a total of US$11.4 billion at the […]