Published:
20 from 2021 03:31 GMT
Australian companies could be merged within one month to become the world’s fifth largest producer of lithium derivatives.
The planned merger of the Australian mines will originate in one of the major producers of lithium in the world in the midst of the rapid demand of the global demand of this critical element used in the batteries of the Electric vehicles.
The operation between Orocobre y Galaxy Resources, valorada af 3,100 million dollars, is the mayor of the sector in what is now, and the actions of the companies will show the maximum of three years to the closure in Sydney the four passed, informs Bloomberg.
Orocobre will have a participation of 54.2% in the new company, while the rest is in Galaxy hands. It is planned that the merger will be completed in August.
The transaction will be transferred to the two companies diversified package of assets, which Orocobre sells carbonated lithium from the Olaroz Salar mine in Argentina, while Galaxy has a mine in Australia and projects in Canada and South America.
The company resulting from the merger, whose name has not been announced, will be sued in Buenos Aires (Argentina) pero su bolsa skoolhoof permanecerá en Australië.
The merger will create the fifth mayor manufactures those products of lithium, with prospects of converting to the third party for 2025 all development projects are completed, according to Reg Spencer, Mining Research Officer at Canaccord Genuity Australia.
The expectations that the ‘boom’ of electric vehicles could provoke a lithium deficit in this year are worth the prices of this item over a period of three years. The demand for batteries multiply by diez by 2030, driven by the transition will be limping energy sources, following the BloombergNEF analytical service.
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