Albemarle withdraws Liontown bid after Australian billionaire increases stake

Albemarle, the world’s largest lithium producer, has withdrawn its A$6.6 billion ($4.18 billion) bid to acquire Australian lithium miner Liontown, after the Australian billionaire Gina Rinehart built a large stake in the company. US-based Albemarle cited ‘growing complexities’ linked to the deal as a reason for its decision to withdraw the company, which is developing […]