Albemarle plans $200M purchase of Chinese lithium processor

Albemarle Corp. has agreed to buy a Chinese lithium production company for $200 million in an all-cash deal.

Charlotte-based Albemarle (NYSE: ALB) says it “has signed a definitive agreement to acquire all of the outstanding equity of Guangxi Tianyuan New Energy Materials Co. Ltd., a lithium converter located in Guangxi, China.” The deal is expected to close in early 2022.

The final price of the purchase is subject to potential adjustments that are not specified in the brief filing Albemarle…


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