Albemarle's Liontown Ambitions Challenged By Billionaire’s Bold Move

United Kingdom News News

Albemarle's Liontown Ambitions Challenged By Billionaire’s Bold Move
United Kingdom Latest News,United Kingdom Headlines
  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Billionaire Gina Rinehart is increasing her stake in Liontown Resources, potentially blocking Albemarle Corp's takeover bid amidst lithium market uncertainty.

Start Trading CFDs Over 2,200 Different InstrumentsStart Trading CFDs Over 2,200 Different Instruments1 day2 daysIn a move designed to thwart a takeover bid by American lithium giant Albemarle Corp , Australia’s richest woman, Gina Rinehart, has once again boosted her position in Liontown Resources Ltd, Bloomberg reports.

Hancock has described the stake as “strategic”, though it has not disclosed the intention of the sudden large increase in ownership of Liontown.Hancock maintains a long-term approach to its investments and commodity markets. In line with that long-term approach, Hancock can provide Liontown with the opportunity to manage its project execution and operations ramp-up risk,, Liontown accepted Albemarle's improved A$3.

Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

OilandEnergy /  🏆 34. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rinehart's Liontown stake continues to growRinehart's Liontown stake continues to growAnalysts see competing bid as unlikely
Read more »

Football fanatics challenged to solve sporty brain teasers against the clockFootball fanatics challenged to solve sporty brain teasers against the clockA group of puzzle enthusiasts have created various brain teasers dedicated to the much-loved sport of football - known as soccer in America - in time for tonight's Champions League matches
Read more »

NI family's concern after being challenged for legal use of parking blue badgeNI family's concern after being challenged for legal use of parking blue badgeGerard McCavanagh and his partner Elena have a blue badge for their daughter and only use it when she is in the vehicle
Read more »

Steven Davis highlights Rangers ambitions as new boss shares appointment detailsSteven Davis highlights Rangers ambitions as new boss shares appointment detailsSteven Davis will take charge of Rangers for the foreseeable future with the aim of turning results around
Read more »

Janey Godley hits back at troll who challenged her sex lifeJaney Godley hits back at troll who challenged her sex lifeThe 62-year-old got extremely honest about her sex life after a bully targeted her on social media.
Read more »

Sunak challenged over claim strikes are ‘number one reason’ for NHS backlogSunak challenged over claim strikes are ‘number one reason’ for NHS backlogThe Prime Minister said the Government had ‘tried multiple times’ to meet the British Medical Association (BMA) as he faced pressure from medics.
Read more »



Render Time: 2025-02-19 07:25:58