MinRes and Albemarle reframe Wodgina deal

MINERAL Resources will sell more of its Wodgina lithium mine in Western Australia’s Pilbara for less cash in hand to US-headquartered Albemarle, but it will pick up a stake in in the first two lithium hydroxide conversion units currently being built by Albemarle, near Bunbury.

MinRes and Albemarle reframe Wodgina deal MinRes and Albemarle reframe Wodgina deal MinRes and Albemarle reframe Wodgina deal MinRes and Albemarle reframe Wodgina deal MinRes and Albemarle reframe Wodgina deal

Wodgina.

An agreement finalised last December agreed Albemarle would spend US$1.15 billion for 50% of the mine, with marketing rights over the spodumene produced.
 
That has now been replaced with a $1.

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