SYDNEY: Albemarle is trying to sell its stake in Australia’s Liontown Resources, a term sheet shows, three months after Australia’s richest person blocked its A$6.6bil (US$4.3bil) bid for the lithium developer.
US-based Albemarle, the world’s largest lithium producer, has offered the roughly 96 million shares it holds in Liontown for around A$121mil in a block trade run by JPMorgan, the term sheet showed.
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