Australian Miner Gains Control Over US Lithium Giant’s China Assets

Albemarle to increase share of Australian mining assets

Albemarle Corporation spokesman Marcelo Valdebenito holds a bottle of processed lithium carbonate at a lithium mine in Salar de Atacama, Chile on Aug. 24, 2022. John Moore/Getty Images

U.S. lithium giant Albemarle will deepen control of Australian lithium mining assets after revamping its joint venture with Mineral Resources (MinRes).

In turn, the Australian Mineral Resources will also gain partial control of two Chinese mining plants operated by Albemarle.