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By Melanie Burton and Harish Sridharan
MELBOURNE (Reuters) -Australia's Liontown Resources said it had knocked back an approach from the world's biggest lithium producer Albemarle Corp on Tuesday that valued the lithium developer at A$5.50 billion ($3.7 billion) and sent its shares rocketing 59%.
Liontown controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project slated for first production in mid-2024, which is among the world's largest and highes...
>>> Read more: Lithium miner Liontown soars as it snubs $3.7 billion Albemarle bid
MELBOURNE (Reuters) -Australia's Liontown Resources said it had knocked back an approach from the world's biggest lithium producer Albemarle Corp on Tuesday that valued the lithium developer at A$5.50 billion ($3.7 billion) and sent its shares rocketing 59%.
Liontown controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project slated for first production in mid-2024, which is among the world's largest and highes...
>>> Read more: Lithium miner Liontown soars as it snubs $3.7 billion Albemarle bid
