Multibillion-Dollar Takeover Reflects Lithium Market Potential

Source: Bloomberg (7/15/14)

"The market for lithium, which is also used in batteries for laptop computers, may double in a decade, with demand growing at 7–10% annually."

Albemarle Corp. (ALB) agreed to pay $6.2 billion in cash and stock for Rockwood Holdings Inc. (ROC), the world's largest producer of lithium products, which are increasingly in demand for batteries used in electric cars.

The transaction values Princeton-based Rockwood at $85.53 a share, or 13% more than yesterday's closing price, the companies said in a statement today. The takeover is expected to close in the first quarter of 2015.

The market for lithium, which is also used in batteries for laptop computers, may double in a decade, with demand growing at 7–10% annually, Chilean producer Soc. Quimica & Minera de Chile said in April. Tesla Motor Inc.'s planned battery "gigafactory" may consume as much as 17% of current lithium output, easing a forecast oversupply, Goldman Sachs Group Inc. said in February.

The Albemarle deal is the latest example of consolidation in the highly concentrated lithium industry. . .View article

Lithium Co. With Offtake Agreements Catches Analysts' Eyes
Source: Streetwise Reports (04/18/2024)

Atlas Lithium Corp. is garnering the attention of industry analysts due to its binding offtake agreements for its Brazilian project. At least four analysts have recommended the stock as a "Buy," recognizing the company's strong position and potential for growth in the lithium market.

Riding the Waves: Jeff Clarks' Strategy for Profiting From Market Volatility
Source: Streetwise Reports (04/15/2024)

Jeff Clark of TheGoldAdvisor.com sits down with Streetwise Reports to explain his method when navigating the markets and shares four stocks he believes are great opportunities.

Lithium Junior Expands Nevada Project To Cover New Target
Source: Streetwise Reports (04/12/2024)

Canter Resources Corp. has staked the limited open ground along the western edge of its Columbus Lithium-Boron project in Nevada and expanded it from 23,000 acres to almost 30,000 acres. One newsletter writer and asset manager said the company should have "very exciting" results this year.

Lithium Co. Secures US$30 Million Investment from Japanese Trading Co.
Source: Streetwise Reports (03/28/2024)

Small-cap lithium explorer and developer Atlas Lithium Corp. announced it has signed definitive strategic investment and offtake agreements with Mitsui & Co., one of the largest trading companies in Japan.

Buy Rated Lithium Stock Shares Big News
Source: Clive Maund (03/27/2024)

Technical Analyst Clive Maund shares an update on Atlas Lithium Corp. in light of this morning's news that it secured a US$30 million strategic investment and offtake agreement from Mitsui.