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Up To Speed: Massive lithium-production deal signals optimism in shift to batteries

2014-07-16 14:36:00| Chemicals - Topix.net

Demand for electric vehicles, and the lithium in their batteries, has driven a huge deal between Rockwood Holdings and Albemarle Corp. Rockwood Holdings has agreed to sell its lithium-production business to Albemarle Corp. for $6.2 billion, a sign of lithium batteries' growing importance in consumer products.

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