Deals
Lithium Boom Drives Albemarle $6.2 Billion Rockwood Deal
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The race is on to control the world’s biggest source of lithium, the lightweight metal used in everything from lubricants and medicines to rechargeable batteries for iPads and electric cars.
Albemarle Corp. agreed today to pay $6.2 billion in cash and stock for Princeton, New Jersey-based Rockwood Holdings Inc., the largest lithium producer, the industry’s biggest deal to date.