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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.
By Pia Rivera
LiCo Energy Metals Inc. (“the Company” or “LiCo”) TSX-V: LIC; OTCQB: WCTXF is pleased to update its shareholders on the current diamond drilling program for its Teledyne and Glencore Bucke Cobalt Properties situated in Bucke and Lorrain Townships, 6 km east-northeast of Cobalt, Ontario, as originally announced on September 12th,
By Shelly Kumar
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
By Shelly Kumar
LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC) is pleased to announce the commencement of its Phase 1 diamond drilling program on both its Teledyne and Glencore Bucke Cobalt Properties situated in Bucke and Lorrain Townships, 6 km east-northeast of Cobalt, Ontario, as originally announced on September 12th, 2017. The drill program
By Shelly Kumar
LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC) is pleased to announce the filing of a technical report entitled NI 43-101 Technical Report on the Glencore Bucke Property – Larder Lake Mining Division, Northeastern Ontario” dated September 7, 2017 (the “Report”) for its Glencore Bucke Project located in Bucke Township, 6 km
By Shelly Kumar
LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC) is pleased to announce that it is planning to start a Phase 1 diamond drilling on its Teledyne and Glencore Bucke cobalt properties situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. A minimum 1,500 m diamond drill program is planned to
By Siv Padhy
Lithium production numbers are often broken down in terms of lithium carbonate equivalent. But what is lithium carbonate? Find out here.
By Shelly Kumar
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”)
By Shelly Kumar
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
By Siv Padhy
Here’s a look at the top lithium-producing countries of 2016. Australia, Chile and Argentina took the top three spots last year.
LiCo Energy Metals Inc. (“the Company“ or “LiCo”)(TSXV:LIC) is pleased to announce the positive results demonstrated in the technical report on the TEM geophysical survey recently conducted over the Purickuta Project located within the Salar de Atacama, Chile. The Transient Electromagnetic Method (TEM) geophysical survey report (June, 2017) prepared by
By Pia Rivera
Critical Elements President Dr. Steffen Haber shares what attracted him to the Rose lithium-tantalum project and the new developments in 2017 that will have investors excited as well.
By Shelly Kumar
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
By Pia Rivera
LiCo Energy Metals Inc. (“the Company “or” LiCo”) TSX-V: LIC; OTCQB: WCTXF is pleased to announce that a TEM geophysical survey has commenced at the Purickuta Project located within the Salar de Atacama, Chile.
Recently there’s been a lot of excitement over lithium in Nevada — here’s a closer look at the Clayton Valley and some of the lithium companies operating there.
Critical Elements (TSXV:CRE,OTCQX:CRECF,FWB:F12) announce that, at its annual meeting held on April 21, 2017, shareholders of the Company approved all the items, including:
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
Here’s a look at five basic lithium facts investors should know.
By Pia Rivera
LiCo Energy Metals (TSXV:LIC,OTCQB:WCTXF) announces that further to its news releases dated January 3, 3017 and January 18, 2017 and the conditional acceptance from the TSX Venture Exchange (the “Exchange”) dated March 30, 2017 whereby LiCo entered into a Definitive Mining Option Agreement dated January 17, 2017 (the “Option Agreement”) with
By Jocelyn Aspa
Interested in lithium mining companies? Take a look at our updated list of the world’s top lithium producers.
By Jocelyn Aspa
Here is a (very) brief overview of some lithium basics and what’s been happening in the market lately.
