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Allkem inks merger with Livent

  • 📰 FinancialReview
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Allkem will merge with Livent to create a New York-listed $US10.6 billion ($15.7 billion) global force in lithium to be chaired by Peter Coleman.

Allkem will merge with Livent to create a New York-listed $US10.6 billion global force in lithium to be chaired by Peter Coleman.

The deal will create efficiencies by combining those assets, while Allkem also has an undeveloped lithium brines project in the same region of Argentina at Sal de Vida.The deal comes almost exactly two years after Allkem was created through the merger of two ASX listed companies; Brisbane-based Orocobre and Perth-based Galaxy Resources.

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ASX-listed lithium company Allkem inks $US10 billion merger: sourcesAllkem, the rebadged Orocobre, is poised to unveil a merger agreement with NYSE-listed Livent.
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