News Articles for Albemarle Corporation

A team of renewable newcomers are behind a $190 million plan to build a solar farm by the Forrest Highway which would feed power to industrial projects and the state's first EV servo.

The 'underperforming' Kwinana lithium hydroxide refinery continues to strain joint venture owners IGO and China's Tianqi Lithium, while the Greenbushes mine churns out cash.

ASX-listed Aspen Group has entered a conditional contract to acquire lithium miner Albemarle's half-built accommodation village in Australind.

Greenbushes may have clung on to an annual profit in FY24, but a subdued spodumene market led to a sharp downturn in mine operator Talison's latest financials.

The state government has committed up to $150 million to help the lithium industry but it comes months after several miners already scaled back their operations amid an unstable market.

The cost of building the third chemical grade processing plant designed to lift production capacity from the Greenbushes lithium mine has again blown out to $880 million.

Just one major resources project has been sanctioned in WA this year and the pipeline of future projects is thin, a review by Business News has found.

Albemarle is mulling a sale of its Australind workers' village after the lithium giant scaled back its $2 billion expansion plan at Kemerton amid ongoing depressed prices.

A 15,000-tonne offshore oil and gas decommissioning vessel has proven a unique site while docked in WA's third largest city.

Local contractors Monadelphous, Macmahon and Mader Group posted upticks in their full-year revenue for the 2024 financial year.

Mark Beyer and Mark Pownall discuss the week in lithium; construction issues; Fortescue's share price tumble; inflationary data; interest rates; house prices; CFMEU action; and Rex's plight.

US-based Albemarle will shut down parts of its Kemerton lithium hydroxide operation, a move that impacts 300 local jobs and contractor Monadelphous.

Record spodumene exports and strong demand for caustic soda and fertiliser have lifted annual trade figures in WA's south to new highs.

Patriot Battery Metals has announced it will raise $C75 million, or $A82.4 million, by way of a fully subscribed charity flow-through offer.

The owner of Australia's largest lithium mine has defied a fall in the commodity's price to post a near-doubling in full-year profit to $6.28 billion.

Around 150 workers at CIMIC Group subsidiary UGL have been stood down at Albemarle's Kemerton lithium plant expansion, with the contractor's role on the project coming to an end.

Monadelphous Group expects its full year revenue to rise by 10 per cent, on the back of strong first half results for the 2024 financial year.

US chemicals giant Albemarle has warned that low lithium prices could stifle investment decision-making but has faith in the long-term vision of the business.

Construction and engineering provider Civmec Limited increased its revenue by 17.5 per cent during the first half of the 2024 financial year.

Project scale-backs and mine closures have put jobs in the spotlight but the headline figures only tell part of the story.

Galan Lithium is tapping investors for $19.5 million to help fund the phase 1 development of its Hombre Muerto West lithium brine project in Argentina.

Liontown Resources shares drifted to 88.5 cents per share today following an update of its $760 million debt funding package for the Kathleen Valley lithium project.

The dramatic downturn in the battery metals sector has forced Albemarle to slash spending, with one casualty being the planned expansion of its Kemerton lithium refinery.

US company Albemarle has appointed brokers to sell its stake in Liontown Resources, three months after Hancock Prospecting effectively blocked its $6.6 billion takeover bid.

Infinity Mining has stretched its Pilbara lithium tenure to a whopping 795sq km after securing a contiguous fourth exploration licence, adding to its strategically-located ground 30km west of Marble Bar in Western Australia. And in addition to lithium, the company says its Panorama project area is also prospective for intrusive-related nickel-copper, shear and conglomerate-hosted gold systems and volcanic-hosted massive sulphide base-metal deposits.

The $500 million East Rockingham Waste to Energy facility currently under construction will power part of the Greenbushes lithium operation under a deal with Talison Lithium.

US chemicals behemoth Albemarle's multi-billion-dollar commitment to lithium processing comes amid tightness in labour supply and housing.

In this podcast, Mark Pownall and Simone Grogan discuss the update on Liontown; FMG's green hydrogen targets; quarterly reports; A&O merger; planning reforms and road taxes for electric vehicles.

Albemarle won't make a binding offer for Liontown Resources and its Kathleen Valley project after billionaire Gina Rinehart bought up nearly 20 per cent of the business.

The board of Liontown Resources has given proposed suitor Albemarle another week to complete its due diligence ahead of a proposed $6.6 billion takeover.

In this podcast, Simone Grogan and Jack McGinn discuss Woodside's big week; Qantas hearing; Mineral Resources; De Grey; South Perth's timber tower; and plans for an ex-premier's house.

Takeover target Liontown Resources has awarded its final major construction contract for its Kathleen Valley lithium project after engaging Monadelphous Group.

Liontown Resources and Albemarle have struck a non-disclosure and exclusivity agreement allowing the US lithium giant to proceed with due diligence.

In this podcast Mark Pownall and Simone Grogan discuss Lithium deals, Qantas, BGC, brewery action, IR and Perth's mayoral race.

Tom Zaunmayr and Jack McGinn discuss the growth in popularity of truffles in Western Australia.

Shares in Tim Goyder's lithium developer Liontown Resources rally after revealing intentions to accept what will be the fourth disclosed takeover proposal from Albemarle Corporation.

Albemarle Corporation has appointed Compass Group to operate its $140 million Paris Grove workers village in Australind, awarding a contract worth $70 million.

WA Premier Roger Cook believes the state has only “just scratched the surface” of its renewables potential as he outlines his vision for WA to become a global green energy superpower.

CIMIC Group's UGL has won $600 million of work in WA, with more than half coming from the largest contract awarded by Albemarle Corporation in Australia.

Lithium prices led Kemerton plant owner Albemarle Corporation to record US$2.4 billion ($3.67 billion) in sales in the June quarter, up 60 per cent from same quarter in 2022.