Albemarle buys into lithium with Rockwood merger


US speciality chemicals firms Albemarle and Rockwood have agreed to merge in a deal worth around $6.2 billion (£3.6 billion). The move brings Albemarle a significant share of global lithium supply, a market with considerable growth prospects as demand increases for lithium-ion batteries in electronic devices, and potentially electric vehicles.

Rockwood has been specialising further in lithium over the last couple of years. It sold off its pigments and other peripheral businesses to Huntsman, and its clay-based additives business to Altana at the end of last year. The combination gives Albemarle a more diverse product portfolio, which means more consistent and predictable earnings. 


Related Content

Rockwood to pay C$720m for lithium firm

28 August 2012 Business

news image

The chemical group has struck a deal to buy Talison, an Australian lithium producer with headquarters in Perth.

Business roundup

26 November 2009 Business

news image

Industry news, December 2009

Most Read

UC Davis chemist sentenced to four years over explosion

19 November 2014 News and Analysis

news image

Postdoc sentenced over attempt to make explosive device and reckless disposal of hazardous waste

Grad student blamed for research misconduct at Utah

13 November 2014 News and Analysis

news image

Two papers have been retracted due to image falsification at the University of Utah

Most Commented

Beetle behind breath test for bank notes

17 November 2014 Research

news image

Photonic crystal inks inspired by longhorn beetle could help to fight counterfeiting

Bayer wins race to buy Merck & Co consumer care

9 May 2014 Business

news image

$14bn deal will make Aspirin inventor the number two over-the-counter healthcare company