Albemarle Announces Completion of Lithium Joint Venture with Mineral Resources Limited

CHARLOTTE, N.C., Oct. 31, 2019 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it has closed its transaction with Mineral Resources Limited (“MRL”) (ASX: MIN) under the Asset Sale and Share Subscription Agreement that was entered into on December 14, 2018, and subsequently amended on August 1, 2019, and the MRL Kemerton Sale and Purchase Agreement that was entered into on August 1, 2019 (“Agreement”). The 60/40 joint venture between Albemarle and MRL, respectively, is named MARBL Lithium Joint Venture (“MARBL“).