Australian miners Orocobre and Galaxy to merge in US$3.1 billion deal, create lithium giant to ride batteries gold rush

//Australian miners Orocobre and Galaxy to merge in US$3.1 billion deal, create lithium giant to ride batteries gold rush

Australian miners Orocobre and Galaxy to merge in US$3.1 billion deal, create lithium giant to ride batteries gold rush

A planned US$3.1 billion merger of two Australian miners is set to create one of the world’s biggest producers of lithium products key to meeting fast-growing global demand for electric vehicle (EV) batteries.The deal between Orocobre and Galaxy Resources is the biggest mining sector deal of the year so far, according to Bloomberg data, with shares of both companies closing at their highest in three years in Sydney. The merger would create the world’s fifth-biggest producer of lithium chemicals…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-04-19T10:35:41+00:00 April 19th, 2021|Business|Comments Off on Australian miners Orocobre and Galaxy to merge in US$3.1 billion deal, create lithium giant to ride batteries gold rush