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Albemarle expands in Western Australia

Lithium Power International has scrapped the demerger of its Western Australian lithium assets in favour of the A$30 million cash sale of the assets to US giant Albemarle Corporation.

Kristie Batten
Pegmatite from Western Lithium's Greenbushes

Pegmatite from Western Lithium's Greenbushes

LPI announced the demerger of Western Lithium earlier this year and while it said the process was advanced, difficult market conditions and an attractive offer from Albemarle provided certainty for shareholders....

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