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Rockwood Lithium was one of the world’s largest lithium producers, along with Sociedad Quimica y Minera de Chile (NYSE:SQM) and FMC (NYSE:FMC).

However, in 2014 Albemarle (NYSE:ALB) announced plans to acquire its parent company, Rockwood Holdings (NYSE:ROC) for $6.2 billion, taking the top spot for itself.

At the time, Bloomberg said that the transaction would be “the largest takeover of a diversified chemicals company since Solvay SA bought Rhodia SA in 2011.” Meanwhile, Chris Berry of the Disruptive Discoveries Journal said at the end of 2014 that he was surprised at the merger, and that he had expected more consolidation in the junior lithium space.

Several months later, the acquisition closed for $5.7 billion, and Albemarle has since worked hard to integrate Rockwood Lithium’s operations into its own business.

The integration was no small feat as Albemarle has nearly doubled in size since the Rockwood acquisition and now employs 6,900 people. Rockwood Lithium has operations in Chile in the Salar de Atacama, and in Nevada at its Silver Peak mine.

Albemarle has also gained a stake in the Greenbushes mine in Australia, since Rockwood had a 49-percent interest in the company that owns the mine. China’s Chengdu Tianqi Industry Group owns the other 51 percent.

In any case, Albemarle’s acquisition of Rockwood Lithium spoke to the company’s growing interest in the lithium sector. The move came at a critical point in time as well, since lithium prices have been on a tear as of late due to rising lithium-ion battery demand.

LiCo Energy Metals Inc.: Letter from the President

LiCo Energy Metals Inc.: Letter from the President

TO OUR SHAREHOLDERS, PARTNERS AND EMPLOYEES;

This year was a big year for our company. We added several new faces to the LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC) Board of Directors, notably Mr. Dwayne Melrose and Mr. Greg Reimer. Dwayne and Greg are seasoned senior executives working for some of the

What is Lithium Carbonate?

What is Lithium Carbonate?

Lithium production numbers are often broken down in terms of lithium carbonate equivalent. But what is lithium carbonate? Find out here.

LiCo Energy Metals To Acquire Ontario Cobalt Property From Glencore Plc

LiCo Energy Metals To Acquire Ontario Cobalt Property From Glencore Plc

LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC)  is pleased to announce that it has entered into a property Purchase
Agreement effective August 31st, 2017 with Glencore Canada Corporation (subsidiary of Glencore plc) (“Glencore”) of Baar Switzerland, LSE: GLEN to acquire a 100% interest in mining rights patent #585 (the “Glencore property”)

Greg Reimer – Current LiCo Advisory Board Member and Former Senior Executive from one of North America’s Largest Electrical Utilities Joins the Board of LiCo Energy Metals

Greg Reimer – Current LiCo Advisory Board Member and Former Senior Executive from one of North America’s Largest Electrical Utilities Joins the Board of LiCo Energy Metals

LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC)  is pleased to announce that effective today, Mr. Greg Reimer has joined the LiCo Energy Metals Board of Directors.

Greg Reimer is the former Executive Vice-President (EVP) of BC Hydro’s Transmission & Distribution (T&D) business group, and held the EVP position from June 2010 until recently leaving BC Hydro

Lico Energy Closes Private Placement

Lico Energy Closes Private Placement

LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC)  is pleased to announce that further to its news release dated May 23, 2017, the Company has closed its private placement offering raising gross proceeds of $550,000. The Company issued 4,583,334 units at $0.12 per unit (the “Units”). The Company also paid

Critical Elements Produces 6.56% Lithium Concentrate

Critical Elements Produces 6.56% Lithium Concentrate

Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) has successfully completed its pilot plant trials. The program confirmed the suitability and robustness of the beneficiation plant design. The outstanding results yielded lithium concentrate grades of up to 6.56% and recoveries of up to 83.4%. Results obtained in pilot plant testing demonstrate very good understanding of

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LiCo Energy Metals - Second Drill Rig Planned - Drilling Its Two Cobalt Properties (Teledyne and Glencore Bucke) Near Cobalt Ontario

URL: https://investingnews.com/daily/resource-investing/energy-investing/lithium-investing/lico-energy-metals-second-drill-rig-planned-drilling-two-cobalt-properties-teledyne-glencore-bucke-near-cobalt-ontario/