Albemarle raising $1.3B for lithium expansion

US chemicals company Albemarle Corporation has launched a US$1.3 billion underwritten equity raising.

Albemarle raising $1.3B for lithium expansion Albemarle raising $1.3B for lithium expansion Albemarle raising $1.3B for lithium expansion Albemarle raising $1.3B for lithium expansion Albemarle raising $1.3B for lithium expansion

Albemarle will also grant the syndicate of underwriters, led by JP Morgan, a 30-day option to acquire an additional $195 million worth of stock.